Bill Text | History of Actions | Background | Title |
Description: Bonds and indebtedness; prohibit state or political subdivisions from issuing or incurring for recurring expenses.
Bill Text: [Introduced]
| 1 | 01/17 (H) Referred To Ways and Means | |
| 2 | 02/01 (H) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Ellington
Additional Authors: Gunn, Baker (8th), Staples, Mims, Chism, Beckett, Denny, Davis, Fillingane, Stevens, Lott, Simpson, Guice, Mayhall, Turner, Moore, Snowden, Bounds, Martinson, Rogers (14th), Wells-Smith
Title: AN ACT TO PROHIBIT THE LEGISLATURE AND THE GOVERNING AUTHORITIES OF ANY COUNTY, MUNICIPALITY OR OTHER POLITICAL SUBDIVISION OF THE STATE FROM AUTHORIZING THE ISSUANCE OF ANY BONDS, NOTES OR OTHER OBLIGATIONS OF INDEBTEDNESS THAT PLEDGE THE FULL FAITH AND CREDIT OF THE STATE OR POLITICAL SUBDIVISION IF ANY OF THE PROCEEDS MAY BE USED FOR THE PAYMENT OF OR TO DEFRAY COSTS NECESSARILY INCURRED BY ANY AGENCY, DEPARTMENT, INSTITUTION OR INSTRUMENTALITY OF THE STATE OR POLITICAL SUBDIVISION IN ITS DAY-TO-DAY OPERATION OF CONDUCTING BUSINESS OR DELIVERING SERVICES; AND FOR RELATED PURPOSES.
End Of Document
2005/html/History/HB/HB1236.htm