BOND AUTHORIZATION ACT
Summary
Amends the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997. Extends the repeal of the Act until December 31, 2030. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
Jun 2025
House Passage
Jun 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Apr 14, 2025
Signed Jun 16, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Engrossed
→
Enrolled
·
4 edits
·
Jun 16, 2025
MODERATE
The bill was finalized for signature, changing the title to the Bond Authorization Act of 2025 and removing a repeal provision for the Renewable Energy Law. The core policy change involves updating the State Finance Act to ensure the Capital Projects Fund automatically transfers money to pay off specific bond debts, including those from previous legislative sessions, with new rules for handling shortfalls by borrowing from the Road Fund.
Scope change
The bill's scope was expanded to include bond authorizations from the 104th General Assembly and clarified the funding mechanism for bonds enacted in the 103rd General Assembly.
TIMELINE
Removed a provision that scheduled the repeal of the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997.
DEFINITION
Added a formal definition allowing the act to be referred to as the Bond Authorization Act of 2025.
FISCAL
Updated the State Finance Act to require automatic transfers from the Capital Projects Fund to pay principal and interest on specific capital project bonds, including those from the 104th General Assembly.
REQUIREMENT
Established a new requirement that if the Capital Projects Fund lacks sufficient money to pay bond debts, the State Treasurer must borrow the difference from the Road Fund, creating a debt obligation for the Capital Projects Fund.
Floor votes · Senate May 31, 2025 · House Apr 11, 2025
How they voted
36–19
Passed · 3 other
Total votes 58
May 31, 2025
D
Democratic39
92% Yea
R
Republican19
100% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
59
Key actions
16
Committee
18
Amendments
8
Jun 16, 2025
Signed into law
Governor Approved
lower
Jun 4, 2025
Lower · Passed
Passed Both Houses
lower
Jun 1, 2025
Introduced
Motion Filed to Reconsider Vote Rep. Bob Morgan
lower
Jun 1, 2025
Introduced
Senate Floor Amendment No. 2 House Concurs 075-037-000
lower
Jun 1, 2025
Lower · Passed
Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
lower
Jun 1, 2025
Lower · Passed
Senate Committee Amendment No. 1 House Concurs 075-037-000
lower
Jun 1, 2025
Lower · Passed
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
lower
Jun 1, 2025
Committee
Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
lower
Jun 1, 2025
Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
Jun 1, 2025
Introduced
Senate Floor Amendment No. 2 Motion Filed Concur Rep. Robert "Bob" Rita
lower
Jun 1, 2025
Lower · Passed
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Robert "Bob" Rita
lower
Jun 1, 2025
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2
lower
Jun 1, 2025
Introduced
Arrived in House
lower
Jun 1, 2025
Upper · Passed
Third Reading - Passed; 037-019-000
upper
Jun 1, 2025
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Sims
upper
May 31, 2025
Lower · Passed
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
lower
May 31, 2025
Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
May 31, 2025
Introduced
Senate Floor Amendment No. 2 Be Approved for Consideration Assignments
upper
May 31, 2025
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
May 31, 2025
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Elgie R. Sims, Jr.
upper
May 31, 2025
Senate · Passed
Senate Vote: pass (36-19-3)
senate
May 15, 2025
Upper · Passed
Do Pass as Amended Executive; 009-004-000
upper
May 14, 2025
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
May 14, 2025
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Executive
upper
May 13, 2025
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
May 13, 2025
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
upper
May 9, 2025
Upper · Passed
Rule 2-10 Committee Deadline Established As May 23, 2025
upper
May 8, 2025
Committee
Assigned to Executive
upper
Apr 23, 2025
Committee
Referred to Assignments
upper
Apr 14, 2025
Introduced
Arrive in Senate
upper
Apr 11, 2025
Lower · Passed
Third Reading - Short Debate - Passed 074-039-000
lower
Mar 20, 2025
Lower · Passed
Do Pass / Short Debate Energy & Environment Committee; 019-010-000
lower
Mar 11, 2025
Committee
Assigned to Energy & Environment Committee
lower
Feb 18, 2025
Committee
Referred to Rules Committee
lower
2 primary · 0 co-sponsors
Sponsors
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