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MS HB728
Bill
Status
Failed
3/19/2019
Primary Sponsor
William Denny
Click for details
AI Summary
- Increases the maximum short-term debt the Department of Finance and Administration may incur for Capitol Complex Improvement District projects from $7,000,000 to $9,000,000
- Debt may be secured by sales tax revenue allocated to the Capitol Complex Improvement District Project Fund under Section 27-65-75(1)(c)
- Outstanding debt must mature in approximately equal installments of principal and interest over a period not exceeding five years from issuance
- Takes effect upon passage
Legislative Description
Capitol Complex Improvement District; increase amount of short-term debt that DFA may incur to implement and administer projects.
Last Action
Died In Committee
3/19/2019
Committee Referrals
Finance2/26/2019
Ways and Means1/17/2019
Full Bill Text
No bill text available