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MS HB1454

Bill

Official Source

Status

Failed

2/23/2016

Primary Sponsor

Randy Boyd

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • State Treasurer must prepare a fiscal statement for any legislation authorizing state general obligation bonds, including total principal and interest payments until bonds are retired if fully issued
  • Statement must include estimated principal and interest payments for each fiscal year, total existing state bonded indebtedness, and annual debt service payments on all outstanding bonds
  • Statement must contain estimated legal and issuance fees, amount of bond proceeds available for authorized purposes, and if applicable, estimated operating expenses for purchased or constructed buildings/facilities for the first 10 years
  • State Treasurer must file a copy of the statement with both houses of the Legislature
  • Effective date: July 1, 2016

Legislative Description

Bonds; State Treasurer shall prepare a statement regarding the fiscal effect of bond legislation introduced in the Legislature.

Last Action

Died In Committee

2/23/2016

Committee Referrals

Accountability, Efficiency, Transparency2/8/2016

Full Bill Text

No bill text available