Introduced
by
To require a school district to have no outstanding debt backed by the state School Bond Loan Fund for the preceding five years in order to get its new borrowing “prequalified” by the fund, which allows the district to benefit from the state’s credit rating when it borrows (“sells bonds”).
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 24 to 13 (details)
Referred to the Committee on Appropriations
