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House Bill 531

Actions | Amendments

Last Action	signed by Governor (Acts ch. 172)
Title	AN ACT relating to the sale, issuance, approval, and status of funding notes with respect to the Commonwealth and its political subdivisions.
Bill Documents	Bill
Impact Statements	Actuarial Analysis
Bill Request Number	1892
Sponsors	B. Damron, C. Rollins II
Summary of Original Version	Amend KRS 56.8605 to include a state medical insurance fund stabilization contribution in the definitions of "financing agreement" and "funding notes"; amend KRS 56.868 to permit the Kentucky Asset Liability Commission to issue and sell funding notes to fund state medical insurance fund stabilization contributions; permit the refinancing of these contributions.
Index Headings of Original Version	Actuarial Analysis - Kentucky Asset Liability Commission, funding stabilization contributions permitted Financial Responsibility - Kentucky Asset Liability Commission, funding stabilization contributions permitted Insurance, Health - Kentucky Asset Liability Commission, funding stabilization contributions permitted State Agencies - Kentucky Asset Liability Commission, funding stabilization contributions permitted
Proposed Amendments	House Committee Substitute 1 House Committee Amendment 1
Votes	Vote History

Actions

Top | Amendments

02/25/10	introduced in House
02/26/10	to Appropriations & Revenue (H) posted in committee
03/01/10	taken from committee 1st reading returned to Appropriations & Revenue (H)
03/02/10	posted in committee taken from committee 2nd reading returned to Appropriations & Revenue (H)
03/12/10	reported favorably, to Rules with Committee Substitute, committee amendment (1-title)
03/15/10	posted for passage in the Regular Orders of the Day for Tuesday, March 16, 2010
03/16/10	3rd reading, passed 97-0 with Committee Substitute, committee amendment (1-title) received in Senate
03/17/10	to Appropriations & Revenue (S)
03/24/10	taken from committee 1st reading returned to Appropriations & Revenue (S)
03/25/10	taken from committee 2nd reading returned to Appropriations & Revenue (S)
04/14/10	reported favorably, to Rules as a Consent Bill posted for passage in the Consent Orders of the Day for Wednesday, April 14, 2010 3rd reading, passed 38-0 received in House
04/15/10	enrolled, signed by each presiding officer delivered to Governor
04/26/10	signed by Governor (Acts ch. 172)

Proposed Amendments

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Amendment	House Committee Substitute 1
Impact Statements	Actuarial Analysis
Summary	Amend KRS 56.8605 to redefine "financing agreement" and "funding notes" to include financing or refinancing obligations owed under KRS 161.550(2) and 161.553(2); amend KRS 56.868 to authorize the Kentucky Asset/Liability Commission to issue funding notes to finance or refinance obligations owed under KRS 161.550(2) and 161.553(2); authorize the Kentucky Asset/Liability Commission to issue funding notes in an amount not to exceed $875,000,000 in fiscal year 2009-2010; EMERGENCY.
Index Headings	Actuarial Analysis - Kentucky Asset Liability Commission, funding stabilization contributions permitted Financial Responsibility - Kentucky Asset Liability Commission, funding stabilization contributions permitted Insurance, Health - Kentucky Asset Liability Commission, funding stabilization contributions permitted State Agencies - Kentucky Asset Liability Commission, funding stabilization contributions permitted

Amendment	House Committee Amendment 1
Sponsor	R. Rand
Summary	Make title amendment.
Index Headings	Actuarial Analysis - Kentucky Asset Liability Commission, funding stabilization contributions permitted Financial Responsibility - Kentucky Asset Liability Commission, funding stabilization contributions permitted Insurance, Health - Kentucky Asset Liability Commission, funding stabilization contributions permitted State Agencies - Kentucky Asset Liability Commission, funding stabilization contributions permitted

Last updated: 8/28/2019 7:34 AM (EDT)