Bill Title: Amends the General Obligation Bond Act. Provides that the unused portion of federal funds received for or as reimbursement for a capital facilities project (currently, the unused portion of federal funds received for a capital facilities project) shall remain in the Capital Development Board Contributory Trust Fund. Removes a provision providing that any federal funds received as reimbursement for the completed construction of a capital facilities project shall be deposited in the General Obligation Bond Retirement and Interest Fund. Amends the Capital Development Bond Act of 1972. Makes similar changes with respect to capital improvement projects. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 5-2)

Status: (Failed) 2019-01-09 - Session Sine Die [SB0667 Detail]

Text: Latest bill text (Engrossed) [HTML]

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