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2008 House Bill 435: Increase regulation of local government debt obligations

Public Act 35 of 2008

Introduced by Rep. Steven Riggs (D) on January 31, 2008 To require local governments to apply to the state local debt officer for permission to enter into any financing obligation, lease, bond issuance, or any long term debt obligation when the lease price exceeds two hundred thousand dollars.   Official Text and Analysis.
Referred to the House Local Government Committee on February 1, 2008
Reported in the House on February 12, 2008 Favorably, 1st reading, to Calendar.
Amendment offered by Rep. Jim DeCesare (R) on February 14, 2008 To add a requirement that all local governments post their budget ordinances on an identified Internet Web site.
Amendment offered by Rep. Jim DeCesare (R) on February 14, 2008 To make a title amendment.
Passed 96 to 0 in the House on February 26, 2008.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To require local governments to apply to the state local debt officer for permission to enter into any financing obligation, lease, bond issuance, or any long term debt obligation when the lease price exceeds two hundred thousand dollars.
Received in the Senate on February 27, 2008
Referred to the Senate State and Local Government Committee on February 29, 2008
Reported in the Senate on March 19, 2008 Favorably, 1st reading, to Consent Calendar.
Passed 36 to 0 in the Senate on March 26, 2008.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To require local governments to apply to the state local debt officer for permission to enter into any financing obligation, lease, bond issuance, or any long term debt obligation when the lease price exceeds two hundred thousand dollars.
Signed by Gov. Steve Beshear on April 9, 2008

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