Introduced
by
To require a local unit of government, school district, or other public authority to publish a notice of its intent to issue limited tax obligation bonds, which are bonds repaid out of current voter-approved millage rates, and allow the people to call for an election on the issue by submitting a petition signed by at least 10 percent or 15,000 of the registered electors, whichever is less. The bill is part of a legislative package comprised of House Bills 4885 to 4911, each of which amends the law dealing with one of the entities cited above.
Referred to the Committee on Tax Policy
Substitute offered
To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Amendment offered
by
To exempt short term bonds from the requirements of the bill.
The amendment passed by voice vote
Passed in the House 102 to 0 (details)
Notice of its intent to issue limited tax obligation bonds, which are bonds repaid out of current voter-approved millage rates, and allow the people to call for an election on the issue by submitting a petition signed by at least 10 percent or 15,000 of the registered electors, whichever is less. The bill is part of a legislative package comprised of House Bills 4885 to 4911, each of which amends the law dealing with one of the entities cited above.
