SENATE BILL 126

Sponsored By:

Senator Lawlah (Joint Committee on the Management of Public Funds) and Senators McFadden, Haines, and Forehand

Entitled:

General Obligation Bonds - Accounting for Proceeds

Synopsis:

Requiring the Comptroller to establish the State and Local Facilities Loan Fund, a premium and expense account, and accounts and subaccounts for accounting purposes; requiring the Comptroller to credit, expend, and account for proceeds from the sale of State Bonds in a specified manner; authorizing specified uses of bond proceeds; allowing the Comptroller to restate prior expenditures of bond proceeds; authorizing bond proceeds to be transferred to and expended from the State and Local Facilities Loan Fund; etc.

History by Legislative Date

Senate Action

1/24

First Reading Budget and Taxation

Hearing 2/5 at 1:30 p.m.

2/10

Favorable Report by Budget and Taxation

2/11

Favorable Report Adopted

Second Reading Passed

2/12

Third Reading Passed (47-0)

4/1

Senate Concur - House Amendments

Third Reading Passed (45-0)

Passed Enrolled

4/22

Signed by the Governor Chapter 66

House Action

2/13

First Reading Appropriations

3/24

Hearing 3/27 at 1:00 p.m.

3/31

Favorable with Amendments Report by Appropriations

3/27

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/28

Third Reading Passed with Amendments (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:

COMPTROLLER

STATE BONDS

Bill affects the following Statutes:

State Finance and Procurement

( 8-125 , 8-125 , 8-127 , 8-132 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)

Fiscal Note: Available (PDF)

Amendments:

House

Number: 074563/01 (PDF)     Offered on: March 31, 2003   at: 8:46 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

February 12, 2003: Third Reading Passed (47-0)

April 1, 2003: Third Reading Passed (45-0)

House

March 28, 2003: Third Reading Passed (140-0)