Relating to prudent maximum General Fund-supported debt; declaring an emergency.
Summary
Establishes prudent maximum amount of outstanding General Fund-supported debt as amount for which debt service due in biennium equals five percent of General Fund revenues estimated to be received in biennium. Prohibits State Treasurer from incurring General Fund-supported debt in excess of prudent maximum amount. Declares emergency, effective July 1, 2017.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2017
Last action Jul 8, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
4
Jul 8, 2017
Legislature · Passed
In committee upon adjournment.
legislature
Apr 5, 2017
Committee
Referred to Ways and Means by prior reference.
legislature
Apr 5, 2017
Committee
Recommendation: Do pass and be referred to Ways and Means by prior reference.
legislature
Jan 17, 2017
Committee
Referred to Finance and Revenue, then Ways and Means.
legislature
Jan 9, 2017
Introduced
Introduction and first reading. Referred to President's desk.
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Fred Girod
RRepublican
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