| HJR 047 (Truly Agreed) | Allows joint boards and commissions to own, operate and issue bonds for joint municipal utility projects |
SCS/HCS/HJR 47 - This proposed constitutional amendment
allows any city or incorporated town or village and any joint
board or commission established by contract between the
municipalities or political subdivisions to issue negotiable
interest bearing revenue bonds for paying for the cost of certain
utility projects without regulation by the Public Service
Commission. Bonds issued for the projects are not indebtedness
of the state or of any political subdivision.
SARAH MORROW