90th General Assembly
Summary of HB1024
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Short description: 
DEBT ISSUANCE REFORM ACT                                                   

Synopsis of Bill as introduced:
        Creates the Debt Issuance Reform Act.  Requires bonds  issued  by      
   specified  State  agencies to be sold to the highest bidder, by sealed      
   bid, for an interest rate not exceeding the maximum rate fixed in  the      
   order  authorizing  the issuance of the bonds.  Prohibits employees of      
   specified State officers and agencies from any discussions or dealings      
   on matters pertaining to bond issuance with a  former  employee  of  a      
   State  agency  or office for one year after the employee's termination      
   of employment, if specified  conditions  are  met.    Requires  former      
   employees  of  State offices or agencies who engage in work related to      
   the issuance of bonds by the State or its agencies  to  register  with      
   the  Secretary  of  State.   Willful  failure to register is a Class A      
   misdemeanor.  Provides that  registration  statements  shall  be  made      
   available to State agencies upon request.                                   
          STATE DEBT IMPACT NOTE                                               
          HB1024 would not impact the level of State debt, but could           
          have an impact on the debt service requirements of future            
          bond issues.                                                         
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

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


 Full Text  Bill Status