Senate Sponsors: WEAVER,S-SEVERNS. House Sponsors: RUTHERFORD-HANNIG-RYDER 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 END OF INQUIRY Full Text Bill Status