2008 House Bill 6738

Provide exceptions to municipal finance refunding restrictions

Introduced in the House

Nov. 19, 2008

Introduced by Rep. Richard Hammel (D-48)

To revise the regulations on “other protected obligations” in the law regulating the finances of downtown development authorities (DDAs), so as to provide an exception to a prohibition on refunding these.

Referred to the Committee on Banking and Financial Services

Dec. 2, 2008

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Substitute offered

The substitute passed by voice vote

Passed in the House 92 to 15 (details)

Received in the Senate

Dec. 3, 2008

Referred to the Committee on Finance