LOCAL GOVT DEBT REFORM-BONDS
Synopsis of Bill as introduced:
Amends the Local Government Debt Reform Act. In provisions
authorizing the issuance of double-barrelled bonds subject to a
backdoor referendum, changes the time within which a petition calling
for a referendum must be filed from 30 days to 60 days after the
publication of the ordinance authorizing the issuance of the bonds.
Also changes the number of people who must sign the petition to the
greater of (i) 2.5% of the registered voters (now, 7.5% of the
registered voters) or (ii) 200 of those registered voters or 15% of
those registered voters, whichever is less (same as now).
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status