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HB 2017
HB 2017: bonds; disclosure; notice
(Click for bill language and additional information)

Sponsor: Rep. Leach

Summary: This bill requires that the maximum tax rate, instead of the anticipated tax rate, be used to estimate the tax impact of debt service for a bond issue and the estimated total cost of a bond issue, and that this information to be included in the bond publicity pamphlet. It also requires a county or municipal bond election ballot to include a disclosure that a “yes” vote may increase the primary tax rate to pay for the maintenance and operation of projects funded by the bond.

League Position: OPPOSE

UPDATES

1/18/2017: HB2017 passed the House Ways and Means Committee by a vote of 7-2. The bill now proceeds to the Rules Committee.

1/31/2017: HB2017 passed the House COW.

2/1/2017: HB2017 passed the House Third Read by a vote of 31-29. The bill was transmitted to the Senate.

3/1/2017: HB2017 passed the Senate Finance Committee by a vote of 4-3.

4/3/0217: HB2017 passed the Senate COW.

4/4/2017: HB2017 failed the Senate Third Read by a vote of 14-15-1.