90th General Assembly
Summary of SB0185
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Senate Sponsors:

Short description: 
LOC GOVT DEBT-ALTERNATE BONDS                                              

Synopsis of Bill as introduced:
        Amends the Local Government  Debt  Reform  Act.    Provides  that      
   alternate  bonds  shall  be  payable from property taxes only when all      
   other sources  of  payment  have  been  exhausted.  Deletes  provision      
   stating that alternate bonds remain until paid or defeased the general      
   obligation  of  the governmental unit, and shall be paid from the levy      
   of taxes used to pay for general obligations. Effective immediately.        
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


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