Senate Bill 70
Introduced Senate Bill (S)
DIGEST
Debt service funds. Provides that for all taxing units, the maximum amount allowed for an operating balance for a debt service fund is 10% of the budget estimate for the annual debt service payments from the fund for debt incurred after June 30, 2014, and 50% of the budget estimate for debt incurred before July 1, 2014.
Debt service funds. Provides that for all taxing units, the maximum amount allowed for an operating balance for a debt service fund is 10% of the budget estimate for the annual debt service payments from the fund for debt incurred after June 30, 2014, and 50% of the budget estimate for debt incurred before July 1, 2014.
1
The document is not available in the context of this page. It might be accessible at the following URL: URL