HB 2570

House Bill (HB) 2570: local government bonds' ballot statement

Sponsor: Representative J. Allen

Summary: HB2570 requires the annual amount of a bond payment and the total of the payments for the life of the bond to appear on the ballot.

League Position: OPPOSE - The League opposes this bill due to changes in assumptions, refinancing, property valuation and other factors, it is impossible to accurately predict the cost of a bond to any individual property owner of the life of the bond.


2/8/2016: HB2570 passed the House Ways and Means Committee by a vote of 8-0-1. The bill now proceeds to the Rules Committee.