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HB 0844 - Amends Revenue Bond Validation Hearing Requirements
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Tracking Level: Neutral
Sponsor: Martin,Charles 47th
Last Action: 3/21/2012 - Senate Read Second Time
State Code Titles: 36
House Committee: Judy
Senate Committee: SLGO
Assigned To:
Economic DevelopmentNext Bill
FinancingNext Bill

Staff Analysis of the Legislation

Under current law, a district attorney or attorney general is charged with filing a petition to initiate legal proceedings to validate revenue bonds. If HB 844 is enacted, the district attorney, the Attorney General, or their representatives would not be required to appear at any validation hearing or any subsequent proceedings. Instead, the authority intending to issue revenue bonds would be responsible for making the case for the validation of the bonds. This bill did not pass.

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






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