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Bill Detail: SB20-139

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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

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;
  • The loan recipient shall use loan proceeds for the sole
purpose of funding public infrastructure projects within the

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/07/2020) (most recent)  
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