Introduced by Rep. Larry Inman (R) on April 28, 2015
To make permanent a law passed in 2012 to allow local governments to borrow money to cover unfunded employee pension liabilities, which is allowed if the local has closed its traditional “defined benefit” pension system to new employees. Under current law this permission will expire on Dec. 31, 2015. Official Text and Analysis.
Referred to the House Financial Liability Reform Committee on April 28, 2015