SCR 19 Urges the Office of Administration and the Board of Public Buildings to payoff certain revenue bonds by fiscal year 2014
Sponsor: Crowell
LR Number: 1678S.01I Fiscal Note:
Committee: Rules, Joint Rules, Resolutions and Ethics
Last Action: 3/24/2009 - Hearing Conducted S Rules, Joint Rules, Resolutions and Ethics Committee Journal Page:
Title: Calendar Position:
Effective Date: upon approval

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SCR 19 – This concurrent resolution urges the Office of Administration to create a sinking fund to collect appropriated funds necessary to payoff the Series A 2003 revenue bonds at the time that the bonds are callable in fiscal year 2014. The resolution further urges the Board of Public Buildings to approve the early payoff in order to save the state approximately $123.6 million that the state would have otherwise paid in principal and interest over the lifetime of the bonds.

JIM ERTLE