An Act providing for the terms of certain bonds to be issued by the Commonwealth
This law sets the maximum repayment period for specific state bonds issued under a 2024 act to 30 years. It requires all such bonds to be paid back by June 30, 2059, following a recommendation from the governor. The rule applies to debt the state treasurer issues for public projects and ensures these obligations are settled within a fixed timeframe.
Bill status
signed
all 5 stages cleared
Introduction
Jun 2024
Committee Review
Jun 2024
House Passage
Jun 2024
Senate Passage
Jun 2024
Signed into Law
Jun 2024
Introduced Jun 20, 2024
Signed Jun 26, 2024
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
11
Key actions
7
Committee
1
Jun 26, 2024
Signed into law
Signed by the Governor, Chapter 120 of the Acts of 2024
executive
Jun 20, 2024
Upper · Passed
Enacted and laid before the Governor
upper
Jun 20, 2024
Lower · Passed
Enacted
lower
Jun 20, 2024
Lower · Passed
Emergency preamble adopted
lower
Jun 20, 2024
Upper · Passed
Read, rules suspended, read second, ordered to a third reading, read third (title changed) and passed to be engrossed
upper
Jun 20, 2024
Lower · Passed
Read third and passed to be engrossed
lower
Jun 20, 2024
Lower · Passed
Reported from the committee on House Ways and Means
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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