Requires propositions authorizing creation of a state debt to contain an estimate of the debt service payable and publish an explanation thereof
Summary
Requires that any ballot proposition creating a state debt shall contain an estimate of the amortization period and the total expected debt service payable thereon until the bonds issued pursuant to such proposition are retired; relates to deposits to the tax stabilization reserve fund; provides that at least 10% of any surplus shall be used to pay down state debt.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2019
Committee Review
Floor Vote
Governor
Introduced Mar 7, 2019
Last action Jan 8, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 8, 2020
Assembly · Referred to committee
REFERRED TO ELECTION LAW
Mar 7, 2019
Assembly · Referred to committee
REFERRED TO ELECTION LAW
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
RS
Robin Schimminger
DDemocratic
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