Introduced
by
To increase the level of borrowing from the state that school districts and local governments can use to cover “deficit spending” that exceeds their current revenues. Under current law, the state can only lend $5 million for this each year, and locals can borrow just $3 million. Under this and the other bills in a package comprised of House Bills 5566 to 5570, the state lending limit would increase to $100 million for the period through 2018, and the maximum amount a local government or school district could borrow would increase 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 76 to 31 (details)
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-4) 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 increase the level of borrowing from the state that school districts and local governments can use to cover “deficit spending” that exceeds their current revenues. Under current law, the state can only lend $5 million for this each year, and locals can borrow just $3 million. Under this and the other bills in a package comprised of House Bills 5566 to 5570, the state lending limit would increase to $85 million for the period through 2018, and the maximum amount a local government or school district could borrow would increase to $20 million.
Motion
by
To give the bill immediate effect.
The motion passed 29 to 8 (details)
Passed in the House 79 to 24 (details)
To concur with the Senate-passed version of the bill, which authorizes slightly less new state debt.
