Bob Huff
- Republican
Author
The State General Obligation Bond Law provides procedures for use in authorizing the issuance and sale and providing for the repayment of state general obligation bonds. This bill would incorporate into the State General Obligation Bond Law a provision that provides that if the Department of Finance determines that funds from a bond act are expended for a purpose not authorized by the bond act, and the entity that is authorized to allocate funds from the sale of bonds does not take the corrective action or measure prescribed by the department within 60 days of receiving notice of the corrective action or measure from the department, then the Department of Finance may prohibit the entity that was responsible for the unauthorized use from allocating any additional funds from the sale of those bonds. The bill would provide that its provisions apply only to the allocation of funds that are authorized under a bond act that is adopted on or after January 1, 2013.
Set, first hearing. Failed passage in committee. Reconsideration granted.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & C.P.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 35. Noes 0. Page 2697.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Withdrawn from committee.
Ordered to second reading.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
Withdrawn from committee.
From committee: Do pass and re-refer to Com. on RLS. (Ayes 9. Noes 0. Page 2639.) (January 11). Re-referred to Com. on RLS.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing January 11.
Set, first hearing. Hearing canceled at the request of author.
Set for hearing May 11.
Hearing postponed by committee.
Set for hearing May 4.
From printer. May be acted upon on or after March 22.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB633 | HTML |
| 02/18/11 - Introduced | |
| 01/04/12 - Amended Senate | |
| 01/05/12 - Amended Senate | |
| 01/13/12 - Amended Senate | |
| 06/11/12 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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