Rachel Zenzinger
- Democratic
- Senator
- District 19
Primary
The state treasurer is required to execute up to $500 million of lease-purchase agreements in each of the 2020-21 and 2021-22 state fiscal years for the purpose of funding transportation projects. A statewide ballot issue will be referred to the voters at the 2020 general election as required by Senate Bill 19-263 (SB 263) and will, if approved, authorize the state to issue up to $1.837 billion of transportation revenue anticipation notes (TRANs) for the purpose of funding transportation projects. When enacting SB 263, the general assembly intended that, upon approval of the ballot issue, the TRANs authorized would replace the lease-purchase agreements as a source of funding for transportation projects. However, due to an error in the effective date clause of SB 263, if the TRANs are approved, the state treasurer will still be required to execute the lease-purchase agreements. The act corrects the error and thereby ensures that approval of the ballot issue stops the issuance of the lease-purchase agreements. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Third Reading Laid Over Daily - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Committee on Transportation & Local Government Refer Unamended to House Committee of the Whole
Introduced In House - Assigned to Transportation & Local Government
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
Senate Committee on Transportation & Energy Refer Unamended - Consent Calendar to Senate Committee of the Whole
Introduced In Senate - Assigned to Transportation & Energy
| Bill Text Versions | Format |
|---|---|
| Signed Act (03/20/2020) | |
| Final Act (03/14/2020) | |
| Rerevised (03/09/2020) | |
| Revised (03/05/2020) | |
| Reengrossed (02/10/2020) | |
| Engrossed (02/07/2020) | |
| Introduced (01/29/2020) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (02/03/2020) | |
| Fiscal Note FN2 (09/09/2020) |
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