Introduced
by
To establish state regulations on the use by school districts of certain so-called “derivative” financial instruments, specifically interest rate agreements entered into in connection with the issuance or proposed issuance of debt. The bill would require interest stated for school bonds to include the amount needed to pay the net interest obligation under an interest rate exchange or swap, hedge, or other agreement.
Referred to the Committee on Finance
Passed in the Senate 35 to 0 (details)
Passed in the House 100 to 0 (details)
