Introduced by Sen. Roger Kahn (R) on June 11, 2014, to remove current limitations on the amount of "surplus" funds that can be loaned by the state to municipalities and school districts through 2008. See also Senate Bill 955, which increases related emergency loan caps.
Referred to the Senate Appropriations Committee on June 11, 2014.
Reported in the Senate on December 2, 2014, with the recommendation that the bill pass.
Amendment offered in the Senate on December 3, 2014. The amendment passed by voice vote in the Senate on December 3, 2014.