SB 605
Creates new reporting requirements for the state auditor relating to state lending and credit support programs
Sponsor:
LR Number:
2723S.02I
Last Action:
4/13/2021 - Voted Do Pass S Insurance and Banking Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 605 - This act requires the State Auditor, at the end of each fiscal year to:

· Issue a report on all state lending programs and state credit support programs at the end of each fiscal year;

· Compile the total dollar amount of all lending in state lending programs and the total amount of debt supported by state credit support programs, specified by program; and

· Make reasonable estimates of the costs of likely defaults on state lending programs and state credit support programs, specified by program.

This act is substantially similar to HB 1177 (2021).

SCOTT SVAGERA

Amendments

No Amendments Found.