Introduced
by
To create the "Agency Financing Reporting Act" to require state agencies, and municipalities when issuing debt exempt from the Municipal Finance Act to disclose to the Department of Treasury before they issue bonds, and require details of the new debt to be reported to the department within 15 days of its issuance. The bill essentially applied to the covered entities the same requirements that apply to local government debt under the Municipal Finance Act, as amended by <a href="/bill.asp?ID=4790">Senate Bill 29</a>.
Referred to the Committee on Finance
Substitute offered
To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
To create the "Agency Financing Reporting Act" to require state agencies, and municipalities when issuing debt exempt from the Municipal Finance Act to disclose to the Department of Treasury before they issue bonds, and require details of the new debt to be reported to the department within 15 days of its issuance. The bill essentially applied to the covered entities the same requirements that apply to local government debt under the Municipal Finance Act, as amended by <a href="/bill.asp?ID=4790">Senate Bill 29</a>.
Substitute offered
To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates technical changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 89 to 0 (details)
To create the "Agency Financing Reporting Act" to require state agencies, and municipalities when issuing debt exempt from the Municipal Finance Act to disclose to the Department of Treasury before they issue bonds, and require details of the new debt to be reported to the department within 15 days of its issuance. The bill essentially applied to the covered entities the same requirements that apply to local government debt under the Municipal Finance Act, as amended by <a href="/bill.asp?ID=4790">Senate Bill 29</a>.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
