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Bills · 2021-2022 Regular Session

AB 475

Died at session end Official bill text Atom feed

Relating to: including with a referendum question for issuing bonds a statement of the estimated interest accruing on the amount of the bonds.

Bonds — County Bonds — Municipal Interest Referendum School — Bonds

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, whenever a municipality, county, or school district must

hold a referendum seeking voter approval for issuing bonds, the referendum

question must include a statement of the purpose for which bonds are to be issued

and the maximum amount of the bonds to be issued. Under this bill, the statement

included with the referendum question must also provide the estimated amount of

the interest accruing on the amount of the bonds, along with the interest rate. If the

interest rate is a variable rate, the statement must also specify the amount of the

interest accruing on the amount of the bonds calculated using the lowest rate during

the term for which the rate is applicable and the amount of the interest accruing on

the amount of the bonds calculated using the highest rate during the term for which

the rate is applicable.

Sponsors

Introduced by: Brandtjen (R) , Cabral-Guevara (R) , Dittrich (R) , Edming (R) , Horlacher (R) , Knodl (R) , Kuglitsch (R) , Macco (R) , Moses (R) , Murphy (R) , Thiesfeldt (R) , Wichgers (R)

4 cosponsors

Jacque (R) , Nass (R) , Steffen (R) , Stroebel (R)

Votes

Assembly: Report passage recommended by Committee on Government Accountability and Oversight, Ayes 4, Noes 2

Passed 4–2 Feb 1, 2022 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Jul 26, 2021 · Assembly

    Introduced by Representatives Cabral-Guevara, Macco, Brandtjen, Dittrich, Edming, Horlacher, Moses, Murphy, Knodl, Kuglitsch, Thiesfeldt and Wichgers; cosponsored by Senators Jacque, Stroebel and Nass

  2. Jul 26, 2021 · Assembly

    Read first time and referred to Committee on Government Accountability and Oversight

  3. Oct 6, 2021 · Assembly

    Public hearing held

  4. Oct 8, 2021 · Assembly

    Representative Steffen added as a coauthor

  5. Jan 11, 2022 · Assembly

    Executive action taken

  6. Feb 1, 2022 · Assembly

    Report passage recommended by Committee on Government Accountability and Oversight, Ayes 4, Noes 2

  7. Feb 1, 2022 · Assembly

    Referred to committee on Rules

  8. Mar 15, 2022 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1