HOUSE BILL 139

Sponsored By:

Delegate Heller (Joint Committee on the Management of Public Funds) and Delegates Conway, Edwards, and Marriott

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

House Action

1/24

First Reading Appropriations

1/29

Hearing 2/6 at 11:00 a.m.

4/7

Unfavorable Report by Appropriations

Senate Action

No Action

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:

COMPTROLLER

STATE BONDS

Bill affects the following Statutes:

State Finance and Procurement

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

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered