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Senate Bill 0429

Senate Bill 0429

ARCHIVE (2002)

Latest Information

DIGEST OF SB 429 (Updated February 26, 2002 8:24 PM - DI 44)

Restrictions on terms of bond issues. Provides that, without the approval of the budget director after review by the budget committee, certain entities may not include an agreement to seek appropriations from the general assembly to restore a debt service reserve fund or otherwise pay debt service on bonds or other obligations in a resolution, trust agreement, indenture, or other agreement adopted or entered into after March 31, 2002.
    Current Status:
    In Conference Committee
    Latest Printing (PDF)