2009 House Bill 5551

Exempt municipal debt from certain restrictions through 2012

Introduced in the House

Oct. 27, 2009

Introduced by Rep. Tim Moore (R-97)

To repeal though 2012 a ban on a municipality selling municipal securities (their bonds or debt instruments) at a discount exceeding 10 percent of their principal amount.

Referred to the Committee on Banking and Financial Services

Jan. 21, 2010

Reported without amendment

Without amendment and with the recommendation that the bill pass.

March 16, 2010

Passed in the House 100 to 6 (details)

Received in the Senate

March 17, 2010

Referred to the Committee on Finance