CDB-FEDERAL FUNDS
Summary
Amends the General Obligation Bond Act and the Capital Development Bond Act of 1972. Provides that the unused portion of federal funds received for or as reimbursement for a capital facilities or capital improvement project (rather than the unused portion of federal funds received for a capital facilities or capital improvement project) shall remain in the Capital Development Board Contributory Trust Fund. Removes provisions providing that any federal funds received as reimbursement for the completed construction of a capital facilities or capital improvement project shall be deposited in the General Obligation Bond Retirement and Interest Fund or the Capital Development Bond Retirement and Interest Fund. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 25, 2017
Last action Jan 8, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Mar 31, 2017
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 8, 2017
Committee
Assigned to Executive Committee
lower
Jan 25, 2017
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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