PA HB1044

Legislative Description

In indebtedness and borrowing, further providing for definitions, for classification and authority to issue bonds and notes, for cost of project and for exclusion of other self-liquidating debt to determine net nonelectoral debt or net lease rental debt; providing for preliminary approval by the department of the issuance of certain debt; further providing for small borrowing for capital purposes, for debt statement and for submission to department; in miscellaneous provisions, further providing for fees for filing, for certificate of approval of transcript, for effect of failure of timely action by department and for records of department; providing for duties of participants in transactions relating to incurring debt and issuing bonds and notes; and repealing provisions of the Administrative Code of 1929 relating to fees of the Department of Community Affairs.

Last Action

Committee Referrals