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, 2019.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2019
Last action Jul 1, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
4
Jul 1, 2019
Upper · Passed
In committee upon adjournment.
upper
Mar 14, 2019
Committee
Referred to Ways and Means by prior reference.
upper
Mar 14, 2019
Committee
Recommendation: Without recommendation as to passage and be referred to Ways and Means by prior reference.
upper
Jan 24, 2019
Committee
Referred to Business and General Government, then Ways and Means.
upper
Jan 22, 2019
Introduced
Introduction and first reading. Referred to President's desk.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Fred Girod
RRepublican
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