BILL · 1995–96 SESSION

SB 5068: Executory conditional sales

Setting limits on executory conditional sales contracts entered into by local governments.

Summary

  • Cities, towns and counties may execute executory conditional sales contracts without voter approval if the contract does not increase their total indebtedness above 1 and 1/2 percent of the value of the taxable property in the jurisdiction.

From the Senate Bill Report (SB 5068), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 9, 1995
  2. Out of committee
  3. Passed SenateJan 17, 1996
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Betti Sheldon (D-23)
Introduced
January 9, 1995 in the Senate
Last action
March 7, 1996

Sponsors

Prime sponsor: Betti Sheldon (D-23)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

Senate · Final Passage

January 17, 1996
Version voted on: SB 5068
37 Yea 5 Nay 6 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican13560
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5068 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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