Relating to bonds.
Summary
Requires school district to obtain approval from Department of Education before entering into funds diversion agreement for payment of debt service on pension obligation bonds. Provides that department may not approve funds diversion agreement unless aggregate debt service on bonds subject to funds diversion or debt guaranty agreements of district is no greater than 80 percent of state school moneys available to district. Requires State Treasurer to provide relevant data to department.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2017
Committee Review
Floor Vote
Governor
Introduced Mar 1, 2017
Last action Jul 7, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
4
Jul 7, 2017
Legislature · Passed
In committee upon adjournment.
legislature
Apr 21, 2017
Committee
Referred to Ways and Means by order of Speaker.
legislature
Apr 21, 2017
Committee
Without recommendation as to passage and be referred to Ways and Means.
legislature
Mar 9, 2017
Committee
Referred to Education.
legislature
Mar 1, 2017
Introduced
First reading. Referred to Speaker's desk.
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Gene Whisnant
RRepublican
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