SCR 19 - Crowell, Jason
Urges the Office of Administration and the Board of Public Buildings to payoff certain revenue bonds by fiscal year 2014
Bill Details
Sponsor
LR Number
1678S.01I
Title
SCR 19
House Handler
N/A
Journal Page
N/A
Effective Date
upon approval
Current Status
Hearing Conducted S Rules, Joint Rules, Resolutions and Ethics Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
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