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Bills · 2021-2022 Regular Session

SB 448

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 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

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: Jacque (R) , Nass (R) , Stroebel (R)

13 cosponsors

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

Votes

Senate: Report passage recommended by Committee on Government Operations, Legal Review and Consumer Protection, Ayes 3, Noes 2

Passed 3–2 Jan 20, 2022 official source full page

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

Senate: PASSAGE

Passed 20–12 Feb 15, 2022 official source full page

Not voting · 1

Full history

  1. Jul 7, 2021 · Senate

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

  2. Jul 7, 2021 · Senate

    Read first time and referred to Committee on Government Operations, Legal Review and Consumer Protection

  3. Oct 6, 2021 · Senate

    Representative Steffen added as a cosponsor

  4. Jan 18, 2022 · Senate

    Public hearing held

  5. Jan 20, 2022 · Senate

    Executive action taken

  6. Jan 20, 2022 · Senate

    Report passage recommended by Committee on Government Operations, Legal Review and Consumer Protection, Ayes 3, Noes 2

  7. Jan 20, 2022 · Senate

    Available for scheduling

  8. Feb 11, 2022 · Senate

    Placed on calendar 2-15-2022 pursuant to Senate Rule 18(1)

  9. Feb 15, 2022 · Senate

    Rules suspended

  10. Feb 15, 2022 · Senate

    Read a third time and passed, Ayes 20, Noes 12

  11. Feb 15, 2022 · Senate

    Ordered immediately messaged

  12. Feb 15, 2022 · Assembly

    Received from Senate

  13. Feb 15, 2022 · Senate

    Read a second time

  14. Feb 15, 2022 · Senate

    Ordered to a third reading

  15. Mar 10, 2022 · Assembly

    Read first time and referred to committee on Rules

  16. Mar 15, 2022 · Assembly

    Failed to concur in pursuant to Senate Joint Resolution 1