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House Bill (HB) 2402: bonds; disclosure; notice
Sponsor: Representative Leach
Summary: HB2402 states that on a ballot for a bond measure the language must include a worst case scenario in which possible interest rates and estimated tax impacts must appear.
League Position: OPPOSE - The League opposes this bill because it would require cities and towns to list unlikely circumstance on a ballot.
2/1/2016: HB2402 passed the House Ways and Means Committee by a vote of 8-3. The bill now proceeds to the Rules Committee.
2/18/2016: HB2402 received a DO PASS recommendation in the House COW.
2/18/2016 HB2402 passed the House Third Read by a vote of 24-23. The bill was transferred to the Senate.
3/2/2016 HB2402 passed the Senate Government Committee by a vote of 4-2-1. The bill now proceeds to the Rules Committee.
3/17/2016 HB2402 passed the Senate COW and Third Reading by a vote of 17-12.