Synopsis of Bill as introduced:
Amends the General Obligation Bond Act. Decreases by $1 the
amount of bonds that may be issued under the Act.
STATE DEBT NOTE (Economic and Fiscal Commission)
SB1186 would reduce the General Obligation bond authorization
level, excluding refunding bonds, from $14,197,632,592 to
$14,197,632,591. At this time, approximately $6.806 billion of
the existing bond authorization has not been issued.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status