HB 2095 - Authorizes $1.5 Billion in Bonds to the Kansas Public Employees Retirement System - Kansas Key Vote
Broderick Henderson voted Nay (Passage) on this Legislation.
Timeline
- Referred to Committee
- March 31, 2015
- House Bill Passed
- March 25, 2015
- Introduced
- Jan. 23, 2015
Related Issues
Stage Details
Title: Authorizes $1.5 Billion in Bonds to the Kansas Public Employees Retirement System
Vote Smart's Synopsis:
Vote to pass a bill that authorizes the Kansas Development Finance Authority to issue one or more revenue bonds to provide no more than $1.5 million to the Kansas Public Employees Retirement System.
Highlights:
- Authorizes the Kansas Development Finance Authority to issue one or more revenue bonds to provide no more than $1.5 million to the Kansas Public Employees Retirement System (KPERS) (Sec. 1).
- Limits the interest rate on bonds that the authority is authorized to issue to the KPERS to 5 percent (Sec. 1).
- Reduces the 2015 contribution rate of KPERS qualifying and participating employers by the amount of the debt service payment for bonds issued pursuant to the provisions of this bill (Secs. 2 & 3).
- Specifies that any obligation for payment of debt service on bonds issued pursuant to the provisions of this bill shall be obligations only of the authority and shall not be considered a debt or obligation of the state (Sec. 1).
Title: Authorizes $1.5 Billion in Bonds to the Kansas Public Employees Retirement System
Committee Sponsors
- Pension and Benefits (Sponsor)