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House Bill 1362


House Bill 1362

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


Controlled project referenda. Permits a political subdivision, for purposes of holding a local public question regarding the issuance of debt for a project, to hold a special election if there is not a primary, municipal, or general election scheduled during the year the question is first eligible to be placed on the ballot. Removes the requirement that the local public question include the total cost of the project. Requires that the local public question must include the total amount that will be borrowed for the project. Requires that the local public question must include the debt service property tax rate impact. Permits a political subdivision to adopt, at the same hearing at which the preliminary determination is made to issue bonds or enter into a lease, a resolution specifying that the local public question process applies to the issuance of the bonds or the entering into of the lease. Makes a technical correction.
Current Status:
 In Committee - first House
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