Kentucky
General Assembly

Search

House Bill 435

Actions | Amendments
Last Action signed by Governor (Acts Ch. 35)
Title AN ACT relating to local government financial obligations.
Bill Documents Bill
Bill Request Number 1627
Sponsor S. Riggs
Summary of Original Version Create a new section of KRS Chapter 65 to require a city, county, urban-county, consolidated local government, charter county, taxing district, or special district to notify the state local debt officer in writing before entering into any financing obligation, lease, bond issuance, or any long term debt obligation when the lease price exceeds two hundred thousand dollars ($200,000); authorize the state local debt officer to promulgate administrative regulations to develop the forms of notification; specify information to be reported on form; specify that no approval by the state local debt officer shall be required; clarify that any financing obligation entered into prior to the passage of this section shall be considered in compliance, if notification is provided to the state local debt officer no later than one (1) year after the effective date of this Act; amend KRS 65.944 to delete language requiring notification in writing to the state local debt officer when a lease price exceeds one hundred thousand dollars ($100,000); make technical changes; amend KRS 66.045 to conform; repeal KRS 65.7719.
Index Headings of Original Version Banks and Financial Institutions - Require notification to state local debt officer when entering into specified financial obligations
Local Government - Require notification to state local debt officer when entering into specified financial obligations
Counties - Require notification to state local debt officer when entering into specified financial obligations
Counties, Urban - Require notification to state local debt officer when entering into specified financial obligations
Bonds, Public - Require notification to state local debt officer when entering into specified financial obligations
Cities - Require notification to state local debt officer when entering into specified financial obligations
Proposed Amendments House Floor Amendment 1
House Floor Amendment 2
Votes Vote History

Actions

Top | Amendments
01/31/08
  • introduced in House
02/01/08
  • to Local Government (H)
02/05/08
  • posted in committee
02/12/08
  • reported favorably, 1st reading, to Calendar
02/13/08
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 14, 2008
02/14/08
  • floor amendments (1) and (2-title) filed
02/26/08
  • 3rd reading, passed 96-0
02/27/08
  • received in Senate
02/29/08
  • to State & Local Government (S)
03/19/08
  • reported favorably, 1st reading, to Consent Calendar
03/20/08
  • 2nd reading, to Rules
03/26/08
  • posted for passage in the Consent Orders of the Day for Wednesday, March 26, 2008
  • 3rd reading, passed 36-0
03/27/08
  • received in House
  • enrolled, signed by Speaker of the House
04/01/08
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/09/08
  • signed by Governor (Acts Ch. 35)

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Sponsor J. DeCesare
Summary Amend KRS 424.240 to add a requirement that all local governments post their budget ordinances on an identified Internet Web site.
Index Headings Banks and Financial Institutions - Require notification to state local debt officer when entering into specified financial obligations
Local Government - Require notification to state local debt officer when entering into specified financial obligations
Counties - Require notification to state local debt officer when entering into specified financial obligations
Counties, Urban - Require notification to state local debt officer when entering into specified financial obligations
Bonds, Public - Require notification to state local debt officer when entering into specified financial obligations
Cities - Require notification to state local debt officer when entering into specified financial obligations

Amendment House Floor Amendment 2
Sponsor J. DeCesare
Summary Make title amendment.
Index Headings Banks and Financial Institutions - Require notification to state local debt officer when entering into specified financial obligations
Local Government - Require notification to state local debt officer when entering into specified financial obligations
Counties - Require notification to state local debt officer when entering into specified financial obligations
Counties, Urban - Require notification to state local debt officer when entering into specified financial obligations
Bonds, Public - Require notification to state local debt officer when entering into specified financial obligations
Cities - Require notification to state local debt officer when entering into specified financial obligations

Last updated: 8/28/2019 8:09 AM (EDT)