2012 Senate Bill 1129

House Roll Call 558: Passed

To allow local governments to borrow money to cover unfunded employee pension liabilities, if the local has closed its traditional “defined benefit” pension system to new employees. Unlike other local government borrowing (usually called “bonding” or “selling bonds”), no vote of the people would be required.

80 Yeas / 28 Nays
Republican (64 Yeas / 0 Nays)
Democrat (16 Yeas / 28 Nays)
Excused or Not Voting (2)