2017 Regular Session
|At the request of:|
|Chief Sponsors:||Senator Girod|
|Regular Sponsors:||(Presession filed.)|
|Bill Title:||Relating to prudent maximum General Fund-supported debt; declaring an emergency.|
Establishes prudent maximum amount of outstanding General Fund-supported debt as amount for which debt service due in biennium equals five percent of General Fund revenues estimated to be received in biennium.
Prohibits State Treasurer from incurring General Fund-supported debt in excess of prudent maximum amount. Declares emergency, effective July 1, 2017.
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Joint Committee On Ways and Means|