2003 Regular Session

SENATE BILL 319

CHAPTER NUMBER: 235 File Code: Capital Budget Crossfiled with: HOUSE BILL 434
Sponsored By:
Senator Lawlah (Joint Committee on the Management of Public Funds) and Senators Forehand, Haines, and McFadden
Entitled:
General Obligation and County 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

Senate Action
1/31
First Reading Budget and Taxation
2/12
Hearing 3/6 at 2:15 p.m.
3/19
Favorable with Amendments Report by Budget and Taxation
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (46-0)
3/31
Returned Passed
5/13
Signed by the Governor Chapter 235
House Action
3/20
First Reading Appropriations
3/24
Hearing 3/27 at 1:00 p.m.
3/31
Favorable Report by Appropriations
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (140-0)
Sponsored by:
Senator Gloria Lawlah, District 26
Senator Jennie M. Forehand, District 17
Senator Larry E. Haines, District 5
Senator Nathaniel J. McFadden, District 45
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:
Senate
Number: 529137/01 (PDF)     Offered on: March 19, 2003   at: 12:07 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 21, 2003: Third Reading Passed (46-0)
House
March 28, 2003: Third Reading Passed (140-0)