Bills · 2011-2012 Regular Session
the ceiling for public debt contracted by the state (first consideration).
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Adopted, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
The constitution limits the aggregate public debt contracted by the state to
three-fourths of 1 per centum of the aggregate value of all taxable property in the
state, or in the alternative, 5 per centum of the aggregate value of all taxable property
in the state less the sum of certain other public debts.
This constitutional amendment, proposed to the 2011 legislature on first
consideration, lowers the debt ceiling from three-fourths of 1 percent to
three-eighths of 1 percent of the aggregate value of all taxable property in the state
and changes the alternate debt limit from 5 percent to 2.5 percent.
A proposed constitutional amendment requires adoption by two successive
legislatures, and ratification by the people, before it becomes effective.
Sponsors
Full history
- Feb 28, 2012 · Assembly
Introduced by Representatives Kuglitsch, August, Williams, Farrow, Kooyenga, Spanbauer, Endsley, Rivard, Craig, Litjens and Thiesfeldt;Cosponsored by Senator Vukmir
- Feb 28, 2012 · Assembly
Read first time and referred to committee on Homeland Security and State Affairs
- Mar 7, 2012 · Assembly
Public hearing held
- Mar 23, 2012 · Assembly
Failed to adopt pursuant to Senate Joint Resolution 1