Authorizes state general obligation bonds for capital projects and operating appropriations.
The bill authorizes the state finance committee to issue general obligation bonds to finance capital projects and operating appropriations for the 2023-2025 and 2025-2027 fiscal biennia. It outlines the process for transferring bond proceeds to various accounts, including the state building construction account and specific development accounts. The proceeds are to be used exclusively for the purposes specified and for the payment of the principal of and interest on the bonds. The bill also allows for additional means of raising moneys for bond payments beyond those specified in the act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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