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S00219 Summary:
BILL NO | S00219 |
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SAME AS | SAME AS A07455 |
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SPONSOR | TEDISCO |
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COSPNSR | |
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MLTSPNSR | |
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Add 7-112, amd 4-116, El L; add 6 & 65-a, amd 92 & 97-rrr, St Fin L | |
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Requires that any ballot proposition creating a state debt shall contain an estimate of the amortization period and the total expected debt service payable thereon until the bonds issued pursuant to such proposition are retired; relates to deposits to the tax stabilization reserve fund; provides that at least 10% of any surplus shall be used to pay down state debt. |