91st General Assembly
Summary of HB0513
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House Sponsors:

Short description: 
GO BONDS-SCH CONSTRCT-INCREASE                                             

Synopsis of Bill as introduced:
        Amends the General Obligation Bond Act.   Increases  the  maximum      
   general    obligation   bond   authority   to   $11,895,296,392   (now      
   $10,895,296,392).   Increases  the  maximum   authority   for   school      
   improvement  projects  authorized  by  the  School Construction Law to      
   $2,100,000,000 (now $1,100,000,000).  Effective immediately.                
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          HB 513 would increase:                                               
          General obligation principal by                  $1.000 billion      
          Potential general obligation debt by             $1.686 billion      
          Annual debt service payments by                  $ 69.2 million      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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