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IN HR0089

Resolution

Official Source

Status

Prefiled

N/A

Primary Sponsor

Peggy Welch

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Urges the Legislative Council to assign the topic of emergency state borrowing to the Tax and Finance Commission or another appropriate committee for interim study
  • Requests development of a comprehensive plan and parameters for distressed local units of government and school corporations to obtain emergency loans from the state
  • Seeks to establish procedures and conditions for emergency borrowing relief available to local governments and schools in financial distress
  • Introduced by Representative Welch

Legislative Description

Study of emergency means of local governments borrowing from the state.

Last Action

Referred to Committee on Ways and Means

3/9/2012

Full Bill Text

No bill text available