Bill Text | History of Actions | Background | Title |
Description: Bonds; limit annual amount that Legislature may authorize.
Bill Text: [Introduced]
| 1 | 02/18 (H) Referred To Ways and Means | |
| 2 | 03/09 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Brown
Additional Authors: Ishee, Mayo
Title: AN ACT TO CREATE A NEW CODE SECTION TO PROHIBIT THE LEGISLATURE FROM AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, IN ANY FISCAL YEAR, IN EXCESS OF FIVE PERCENT OF THE TAX REVENUE COLLECTED BY THE STATE TAX COMMISSION AND DEPOSITED IN THE GENERAL FUND IN THE PRECEDING FISCAL YEAR; TO AUTHORIZE SUCH BONDED INDEBTEDNESS TO BE EXCEEDED UNDER CERTAIN CIRCUMSTANCES; AND FOR RELATED PURPOSES.
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2004/html/History/HB/HB1080.htm