HB 2195 - Limits the Issuance of Bonds - Oklahoma Key Vote
done
TW Shannon voted Yea (Passage) on this Legislation.
Timeline
- Executive Signed
- May 31, 2014
- Senate Bill Passed
- April 23, 2013
- House Bill Passed
- Feb. 28, 2013
- Introduced
- Feb. 4, 2013
Related Issues
Stage Details
Title: Limits the Issuance of Bonds
Signed by Governor Mary Fallin
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Title: Limits the Issuance of Bonds
Vote Smart's Synopsis:
Vote to pass a bill that limits the issuance of bonds and leases to state governmental agencies, effective November 1, 2013.
Highlights:
- Prohibits the legislature from authorizing a state entity to incur obligations that would exceed 28 percent of the General Fund and exempts the following (Sec. 1):
- An entity that has the authority to impose a fee or other charge to pay off any excess obligation; and
- The Master Lease Program.
- Prohibits the state legislature from modifying any state-imposed tax for the repayment of the principle, interest or other cost of a bond or lease (Sec. 1).
Title: Limits the Issuance of Bonds