90th General Assembly
Summary of SB0087
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Short description: 
G O BOND ACT-INCREASE                                                      

Synopsis of Bill as introduced:
        Amends the General Obligation Bond Act to increase  authorization      
   by   $659,500,000.    Amends  the  General  Obligation  Bond  Act  and      
   Baccalaureate Savings Act to increase authorization for  the  sale  of      
   college savings bonds by $500,000,000. Effective immediately.               
          STATE DEBT IMPACT NOTE, ENGROSSED                                    
          SB 87, as engrossed, would increase:                                 
           General Obligation principal by                 $659.5 million      
           Potential general obligation debt by            $  1.3 billion      
           Annual debt service payments by                 $ 51.6 million      
Last action on Bill: PUBLIC ACT.............................. 90-0001

   Last action date: 97-02-20

           Location: Senate

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


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