HI HB143

Authorizes issuance of general obligation bonds up to $1,086,746,000 to finance projects in the General Appropriations Act of 2017 and Judiciary Appropriations Act of 2017.

Declares findings required by Article VII, Section 13 of the State Constitution that the proposed bonds will not cause the state debt limit to be exceeded at time of issuance.

Establishes debt limit of 18.5% of average general fund revenues for three preceding fiscal years, with estimated limits ranging from $1,216,923,690 (2016-2017) to $1,411,121,787 (2020-2021).

Assumes 0.75% of bond issues will be excludable as reimbursable general obligation bonds and that outstanding guaranties of $233,500,000 can be fully excluded from debt limit calculations.

Proposes staggered bond issuances totaling $3,125,000,000 through fiscal year 2019-2020 and additional $800,000,000 in fiscal year 2020-2021 to meet authorized and unissued bond requirements.