SB 988 - Cierpiot, Mike
Requires unspent school district bond proceeds to be transferred to the district's debt service fund
Bill Details
Sponsor
LR Number
4355S.01I
Title
SB 988
House Handler
N/A
Journal Page
Effective Date
August 28, 2022
Committee
Current Status
Second Read and Referred S Education Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 988 - Current law requires any balance remaining in bond proceeds after completion of the project for which the bonds were issued to be transferred to the school district's debt service fund. This act provides that the projects for which the remaining balance should be transferred are the projects specified in the bond offering documents.
JAMIE ANDREWS