CDB-FEDERAL FUNDS
Summary
Amends the General Obligation Bond Act. Provides that the unused portion of federal funds received for or as reimbursement for a capital facilities project (currently, the unused portion of federal funds received for a capital facilities project) shall remain in the Capital Development Board Contributory Trust Fund. Removes a provision providing that any federal funds received as reimbursement for the completed construction of a capital improvement project shall be deposited in the Capital Development Bond Retirement and Interest Fund. Amends the Capital Development Bond Act of 1972. Makes conforming changes. Effective immediately.
Bill status
failed
3 of 5 stages cleared
Introduction
Apr 2016
Committee Review
Apr 2016
Senate Passage
Apr 2016
House Passage
Governor
Introduced Apr 20, 2016
Last action Jan 10, 2017
Floor votes · Senate Apr 20, 2016
How they voted
48–0
Passed · 1 other
Total votes 49
Apr 20, 2016
D
Democratic32
96% Yea
R
Republican17
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
24
Key actions
2
Committee
4
Apr 20, 2016
Committee
Referred to Rules Committee
lower
Apr 20, 2016
Introduced
Arrived in House
lower
Apr 20, 2016
Senate · Passed
Senate Vote: pass (48-0-1)
senate
Mar 10, 2016
Upper · Passed
Do Pass Revenue; 009-000-000
upper
Feb 17, 2016
Committee
Assigned to Revenue
upper
Feb 9, 2016
Committee
Referred to Assignments
upper
0 primary · 6 co-sponsors
Sponsors
No sponsor information available.
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