2014 Senate Bill 978

Revise state loans to locals details

Introduced in the Senate

June 11, 2014

Introduced by Sen. Roger Kahn (R-32)

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 Committee on Appropriations

Dec. 2, 2014

Reported without amendment

With the recommendation that the bill pass.

Dec. 3, 2014

Amendment offered

The amendment passed by voice vote

Passed in the Senate 38 to 0 (details)

Received in the House

Dec. 3, 2014

Referred to the Committee on Financial Liability Reform

Dec. 11, 2014

Reported without amendment

Without amendment and with the recommendation that the bill pass.