GM1267, HB1588 HD1 SD1 CD1, 7/11/2017

Posted on Jul 14, 2017 in 2017 Vetoes

RELATING TO GENERAL OBLIGATION BONDS

Prohibits the issuance of GO bonds to finance the repair and maintenance of a capital asset where the repair or maintenance costs incurred add value to and prolong the life of the asset for a period of less than 10 years. Requires the Director of Finance to set a maturity date of not more than 10 years when issuing GO bonds to finance the repair and maintenance of a capital asset where the repair or maintenance costs incurred add value to and prolong the life of the asset for a period of 10 years or more.

GM1267, HB1588 HD1 SD1 CD1