2003 Regular Session

HOUSE BILL 434

File Code: Capital Budget Crossfiled with: SENATE BILL 319
Sponsored By:
Delegate Heller (Joint Committee on the Management of Public Funds) and Delegates Conway, Edwards, and Marriott
Entitled:
General Obligation Debt - Variable Interest Rate Bonds and Interest Rate Exchange Agreements

Synopsis:

Authorizing specified State bonds to be sold at a private, negotiated sale; allowing State bonds to be issued in a variable interest rate form; authorizing the Treasurer to appoint and contract with and specify the rights and duties of specified agents; authorizing the Board of Public Works to designate and sell State bonds as variable interest rate bonds; setting a limit on the aggregate par value of outstanding variable interest rate State bonds; etc.

History by Legislative Date

House Action
2/5
First Reading Appropriations
Hearing 2/13 at 11:00 a.m.
2/11
Hearing cancelled
Hearing 2/13 at 1:00 p.m.
3/10
Favorable with Amendments Report by Appropriations
3/11
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/13
Third Reading Passed (140-0)
Senate Action
3/14
First Reading Budget and Taxation
Sponsored by:
Delegate Henry B. Heller, District 19
Delegate Norman H. Conway, District 38B
Delegate George C. Edwards, District 1A
Delegate Salima Siler Marriott, District 40
Management of Public Funds, Joint Comm. on the
Bill indexed under the following Subjects:
AGENTS AND BROKERS
CAPITAL BUDGETS
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
COUNTY AND BALTIMORE CITY BONDS
INTEREST
PUBLIC DEBT -see also- COUNTY & BALT CITY BONDS; STATE BONDS
PUBLIC LOCAL LAWS
PUBLIC WORKS, BOARD OF
STATE BONDS
TREASURERS
Bill affects the following Statutes:
Article - 31 Debt - Public
( 34 )
State Finance and Procurement
( 8-120 , 8-121 , 8-123 , 8-123.4 , 8-136 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 454567/01 (PDF)     Offered on: March 11, 2003   at: 10:13 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 13, 2003: Third Reading Passed (140-0)