LOCAL GOVT DEBT-COST EFFECTIVE
Summary
Amends the Local Government Debt Reform Act. Provides that, whenever a governmental unit has been granted the power to issue bonds, the governmental unit may incur debt only if that the governmental unit first makes a finding that the particular instrument of indebtedness selected is the most cost-effective means or is otherwise the most appropriate method for the particular purpose for which the funds are to be used.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 1, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
9
Key actions
0
Committee
3
Jan 8, 2013
Senate · Failed
Session Sine Die
Mar 9, 2012
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Feb 17, 2012
Senate · Referred to committee
Assigned to Local Government
Feb 1, 2012
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Ron Sandack
RRepublican
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