House Sponsors: DANIELS-RIGHTER. 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 END OF INQUIRY Full Text Bill Status