Last Action | signed by Governor (Acts Ch. 35) |
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Title | AN ACT relating to local government financial obligations. |
Bill Documents |
Bill
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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 |
01/31/08 |
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02/01/08 |
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02/05/08 |
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02/12/08 |
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02/13/08 |
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02/14/08 |
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02/26/08 |
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02/27/08 |
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02/29/08 |
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03/19/08 |
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03/20/08 |
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03/26/08 |
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03/27/08 |
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04/01/08 |
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04/09/08 |
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Amendment | House Floor Amendment 1 |
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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 |
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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)