Introduced
by
To eliminate a requirement that school districts must pay back their debt to a state School Bond Loan Fund by a “final repayment date” determined for each district by the state treasurer. The requirement was instituted by a 2005 law to fix the problem of districts extending debt on old projects by combining with additional borrowing for new projects.
Referred to the Committee on Financial Liability Reform
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 108 to 1 (details)
To eliminate a requirement that school districts must pay back their debt to a state School Bond Loan Fund by a “final repayment date” determined for each district by the state treasurer. The requirement was instituted by a 2005 law to fix the problem of districts extending debt on old projects by combining with additional borrowing for new projects. See also House Bill 4496.
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 eliminate a requirement that school districts must pay back their debt to a state School Bond Loan Fund by a “final repayment date” determined for each district by the state treasurer. The requirement was instituted by a 2005 law to fix the problem of districts extending debt on old projects by combining with additional borrowing for new projects. See also House Bill 4496.
