Introduced
by
To require state-funded building projects to be approved in an appropriations bill rather than through a “concurrent resolution” passed by the House and Senate, and revise other procedures related to increasing state borrowing (including adding more university debt).
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 65 to 40 (details)
To require debt for state-funded building projects (including college and university debt) to be approved in an appropriations bill rather than through a “concurrent resolution” passed by the House and Senate, and revise other procedures related to increasing state borrowing. Reportedly, a $300 million cap in the bill on the amount of annual debt service (styled in this statute as "lease payments") would limit the amount of new construction borrowing through 2017, when some existing debts will have been paid-off.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
To require debt for state-funded building projects (including college and university debt) to be approved in an appropriations bill rather than through a “concurrent resolution” passed by the House and Senate, and revise other procedures related to increasing state borrowing. Reportedly, a $300 million cap in the bill on the amount of annual debt service (styled in this statute as "lease payments") would limit the amount of new construction borrowing through 2017, when some existing debts will have been paid-off.
