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Bills · 2021-2022 Regular Session

SB 272

Died at session end Official bill text Atom feed

Relating to: retiring public debt and transportation revenue bonds. (FE)

Debt public Federal aid Governor Public building Road — Finance Rock county

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, 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

This bill requires the governor to allocate $250,000,000 of the funds accepted

under the federal American Rescue Plan Act of 2021 to retire public debt in the

2021-22 fiscal year.

The bill also requires the governor to allocate $250,000,000 of the funds

accepted under the federal American Rescue Plan Act of 2021 for the retirement of

transportation revenue bonds. Current law authorizes the Building Commission to

issue revenue bonds for major highway projects and transportation administrative

facilities in a principal amount that may not exceed $4,197,627,500.

Finally, if the retirement of public debt and transportation revenue is not

eligible for funding under the federal American Rescue Plan Act of 2021, then the bill

requires the governor to allocate the amounts specified in the bill for the financing

of building projects in the 2021-23 Authorized State Building Program in lieu of

borrowing.

Sponsors

Introduced by: Cowles (R) , Felzkowski (R) , Jacque (R) , Stafsholt (R) , Stroebel (R)

25 cosponsors

Allen (R) , Cabral-Guevara (R) , Duchow (R) , Edming (R) , Gundrum (R) , Horlacher (R) , Jagler (R) , James (R) , Kitchens and Wichgers , Knodl (R) , Krug (R) , Loudenbeck (R) , Moses (R) , Murphy (R) , Oldenburg (R) , Petryk (R) , Rozar (R) , Snyder (R) , Spiros (R) , Steffen (R) , Swearingen (R) , Tranel (R) , Vorpagel (R) , Wittke (R) , Zimmerman (R)

Votes

Senate: Report passage recommended by Joint Committee on Finance, Ayes 11, Noes 4

Passed 11–4 Apr 8, 2021 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. Apr 5, 2021 · Senate

    Introduced by Senators Stroebel, Felzkowski, Stafsholt, Cowles and Jacque; cosponsored by Representatives Murphy, Spiros, Gundrum, Snyder, Krug, James, Oldenburg, Duchow, Wittke, Horlacher, Edming, Vorpagel, Tranel, Rozar, Cabral-Guevara, Moses, Petryk, Swearingen, Zimmerman, Knodl, Loudenbeck, Jagler and Steffen

  2. Apr 5, 2021 · Senate

    Read first time and referred to Joint Committee on Finance

  3. Apr 7, 2021 · Senate

    Public hearing held

  4. Apr 7, 2021 · Senate

    Representative Allen added as a cosponsor

  5. Apr 7, 2021 · Senate

    Executive action taken

  6. Apr 8, 2021 · Senate

    Report passage recommended by Joint Committee on Finance, Ayes 11, Noes 4

  7. Apr 8, 2021 · Senate

    Available for scheduling

  8. Apr 13, 2021 · Senate

    Representatives Kitchens and Wichgers added as cosponsors

  9. Apr 13, 2021 · Senate

    Placed on calendar 4-14-2021 pursuant to Senate Rule 18(1)

  10. Apr 14, 2021 · Senate

    Laid on table

  11. Apr 14, 2021 · Senate

    Placed on the foot of the 11th order of business on the calendar of 4-14-2021

  12. Mar 15, 2022 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1