BILL · 1995–96 SESSION

SB 5986: School district bonds

Issuing school district bonds.

Summary

  • School districts' authority to issue limited tax general obligation bonds is expanded from the purchase of real and personal property to include funding outstanding indebtedness, purchase sites, erect buildings, improve energy efficiency, structural changes, or other capital purposes. Any bonds issued for these purposes prior to the effective date of this law are valid.

From the Senate Bill Report (SB 5986), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedFeb 21, 1995
  2. Out of committee
  3. Passed SenateMar 10, 1995
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Marcus Gaspard (D-25)
Introduced
February 21, 1995 in the Senate
Last action
January 8, 1996
Budget
Has a fiscal note

Sponsors

Prime sponsor: Marcus Gaspard (D-25)

Votes

Senate · Final Passage

March 10, 1995
Version voted on: SB 5986
45 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican21003
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 5986 in other sessions

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

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