Introduced
by
To establish that the local government retiree health benefit bonds sold by municipalities to incur the new debt proposed by House Bill 4075 would be secured by the unit’s general fund and would be “general obligation limited tax" bonds. The local government could only levy a new tax to cover this debt if the borrowing is approved by voters (which is not automatically required by HB 4075).
Referred to the Committee on Judiciary
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 107 to 1 (details)
To establish that the local government retiree health benefit bonds sold by municipalities to incur the new debt proposed by House Bill 4075 would be secured by the unit’s general fund and would be “general obligation limited tax" bonds. The local government could only levy a new tax to cover this debt if the borrowing is approved by voters (which is not automatically required by HB 4075).
Referred to the Committee on Appropriations
