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Senate Roll Call 546 on
2012 Senate Bill 1129: Authorize local “pension obligation bonds”

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.

View the rest of Senate Bill 1129: History, Amendments & Comments 

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11 total votes
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Senate Roll Call 546 on 2012 Senate Bill 1129

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