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HB 0951 - State financing and investment; general obligation debt may only be used for purposes authorized by General Assembly; provide
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Tracking Level: Evaluating
Sponsor: Harbin,Ben 118th
Last Action: 2/15/2012 - House Second Readers
State Code Titles: 50
House Committee: App
Assigned To:
AppropriationsNext Bill
Clint MuellerNext Bill

Staff Analysis of the Legislation
HB 951 prohibits proceeds of general obligation debt which was approved by the General Assembly from being redirected or used for any other purpose expect for the purpose for which the debt was incurred unless approved by the General Assembly.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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