BOND AUTH-NO ROLLOVER

Session: 103rd General Assembly
Year: 2023
Bill #: HB1355
Category: Revenue
Position: Oppose
Mandate?
Revenue Loss?
Authority Preemption? Yes

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Amends the Bond Authorization Act. Provides that the authority of a public corporation to levy taxes in connection with the payment of bonds or other evidences of indebtedness ceases upon the maturity date of the bond or other evidence of indebtedness or upon the discharge of the debt, whichever comes first. Effective immediately.



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