BILL · 2019–20 SESSION

SB 5938: State debt reduction account

Funding the state debt reduction account.

Summary

  • Creates the State Debt Reduction Account in the state treasury.
  • Requires the deposit of revenue from three sources into the new account.
  • Limits the use of money from the new account to the payment of interest and principal on bonds and other financing obligations for projects authorized in an omnibus capital appropriations act.

From the Senate Bill Report (Orig.) (SB 5938), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 18, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Christine Rolfes (D-23)
Introduced
February 18, 2019 in the Senate
Last action
January 13, 2020

AN ACT Relating to funding the state debt reduction account;

Sponsors

Prime sponsor: Christine Rolfes (D-23)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Ways & Means.

SB 5938 in other sessions

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

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