Introduced
by
To allow school districts to get an “advance” on future school aid payments from the state to cover “deficit spending” that exceeds their current revenues, and to pledge future receipts of state school aid money to repay the increased debt that House Bill 5566 would authorize (up to $20 million).
Referred to the Committee on Local, Intergovernmental, and Regional Affairs
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 72 to 34 (details)
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 28 to 9 (details)
To allow school districts to get an “advance” on future school aid payments from the state to cover “deficit spending” that exceeds their current revenues, and to pledge future receipts of state school aid money to repay the increased debt that House Bill 5566 would authorize (up to $20 million).
Motion
by
To give the bill immediate effect.
The motion passed 29 to 8 (details)
Passed in the House 77 to 26 (details)
To concur with the Senate-passed version of the bill, which authorizes slightly less new state debt.
