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Bill Detail: SB20-139

 

Title County Loans For Public Infrastructure Projects
Status House Committee on Transportation & Local Government Refer Unamended to House Committee of the Whole (03/11/2020)
Bill Subjects
  • Local Government
House Sponsors M. Gray (D)
Senate Sponsors M. Foote (D)
House Committee Transportation and Local Government
Senate Committee Local Government
Date Introduced 01/27/2020
Description

The bill authorizes a county to lend money to a governmental
entity that is created by or located within the county subject to the
following requirements:

  • The source of the loan must be legally available money that
is not otherwise encumbered or obligated;
  • The loan must have a specified repayment term;
  • The loan recipient is required to pay the county interest on
the loan at an initial rate that is equal to or greater than the
rate of return earned on all county financial investments;
and
  • The loan recipient shall use loan proceeds for the sole
purpose of funding public infrastructure projects within the
county.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/07/2020) (most recent)  
Additional Bill Documents Bill Documents
Including:
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
Lobbyists Lobbyists
Audio  
Votes House and Senate Votes
Vote Totals Vote Totals by Party
 
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