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Key Votes

HB 439 - Authorizing New Bonds - Key Vote

Montana Key Votes

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Legislation - Nonconcurrence Vote Passed (House) (60-39) -
Note:

NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.

Legislation - Nonconcurrence Vote Passed (House) (62-38) -
Legislation - Bill Passed With Amendment (Senate) (36-14) - (Key vote)

Title: Authorizing New Bonds

Vote Smart's Synopsis:

Vote to pass a bill that authorizes the issuance of general obligation bonds and appropriates funds for certain capital projects.

Highlights:
  • Authorizes the Board of Examiners to issue and sell general obligation bonds if the state's actual revenue exceeds the estimated revenue projection for 2011 by more than $35 million, whereas existing law required actual revenue to exceed the estimate by only $2 million (Sec. 1).
  • Increases the limit up to which the Board of Examiners may issue and sell general obligation bonds from $89.9 million to $97.8 million (Sec. 5).
  • Appropriates $7.9 million from general obligation bond proceeds for an auto tech center at Montana State University-Northern (Sec. 3).
  • Appropriates additional funds as follows (Sec. 5):
    • $9 million in federal special revenue funds to Southwest Montana Veteran's Home in Silver Bow County;
    • $0.5 million in federal special revenue funds, auxiliary fund donations, grants, and higher education funds to Montana State University-Billings for a science and industrial technology building; and
    • $3.5 million in federal special revenue funds, auxiliary fund donations, grants, and higher education funds to the University of Montana-Missoula College of Technology.
Legislation - Bill Passed (House) (72-25) -
Legislation - Introduced (House) -

Title: Authorizing New Bonds

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