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House Bill (HB) 2538: municipal bonds; tax levy
Sponsor: Representative Mesnard
Summary: HB2538 states that cities and towns are allowed to collect principal and interest on bonds and amounts to be used within the ensuing year for early defeasance of existing debt.
League Position: SUPPORT - The League supports this bill because it gives more flexibility to cities and taxpayers.
2/8/2016: HB2538 passed the House Ways and Means Committee by a vote of 8-0-1. The bill now proceeds to the Rules Committee.
2/22/2016: HB2538 passed the House Committee of the Whole.
2/25/2016: HB2538 passed the House Third Reading by a vote of 59-0.
3/16/2016: HB2538 passed the Senate Finance Committee by a vote of 4-1.
3/29/2016: HB2538 passed the Senate COW.