SB 150
Limits investment firm and law firm support in bond elections
LR Number:
Last Action:
4/12/2007 - Referred H Judiciary Committee
Journal Page:
SCS SB 150
Calendar Position:
Effective Date:
August 28, 2007

Current Bill Summary

SCS/SB 150 - Currently, investment firms, law firms offering bond counsel services, or persons having interest in such firms are barred from being involved in the issuance of bonds authorized by an election in which the firm or person made any contribution in support of the bond election.

This act narrows the restriction to include only direct or indirect financial contributions. Such contributions do not include:

• Providing factual information relating to the bond issuance.

• Responding to questions and making presentations at public forums relating to the bond issuance

• Participating in any meeting subject to the open meetings law.

This act is similar to SB 1035 (2006).