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2009 House Bill 4719: Authorize subsidies for selected auto industry suppliers
Introduced by Rep. Mike Huckleberry (D) on March 26, 2009
To revise the law that allowed the state to borrow $400 million against future tobacco lawsuit settlement proceeds, to also allow borrowing against this future revenue stream to pay for the $250 million in auto industry supplier subsidies proposed by House Bill 4126. As introduced the bill is essentially a “placeholder,” since it increases the allowable borrowing by just $1 million, but it could be amended later to allow more debt for this purpose.   Official Text and Analysis.
Referred to the House Tax Policy Committee on March 26, 2009