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House Bill 298

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Last Action signed by Governor (Acts ch. 1)
Title AN ACT authorizing bonds for a postsecondary education capital project, making an appropriation therefor, and declaring an emergency.
Bill Documents Bill
Bill Request Number 1010
Sponsors R. Rand, J. Hoover, M. Denham, D. Keene, R. Palumbo, G. Stumbo, T. Thompson
Summary of Original Version Appropriate to the University of Kentucky from the General Fund $5,459,000 in fiscal year 2015-2016 for debt service to support General Fund Bonds; authorize and appropriate $132,500,000 in Bond Funds in fiscal year 2014-2015 and $132,500,000 in Restricted Funds in fiscal year 2014-2015 for construction of a Research Building at the University of Kentucky; establish that it is the intent of the 2015 General Assembly that the University of Kentucky not base any decision to proceed with the capital project on an expectation of receiving any General Fund moneys for the operation and maintenance of that facility in future biennia; stipulate that all authorizations and appropriations for the capital project shall expire on June 30, 2016, unless reauthorized, with the following exceptions: a construction or purchase contract for the project is awarded, or permanent financing or a short-term line of credit sufficient to cover the total authorized bonds is obtained if the appropriated project completes an initial draw on the line of credit within the fiscal biennium immediately subsequent to the original bond authorization; EMERGENCY.
Index Headings of Original Version Education, Finance - Postsecondary education, capital project
Education, Higher - Postsecondary education, capital project
Effective Dates, Emergency - Postsecondary education, capital project
Appropriations - Postsecondary education, capital project
Budget and Financial Administration - Postsecondary education, capital project
Votes Vote History

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02/04/15
  • introduced in House
02/05/15
  • to Appropriations & Revenue (H)
02/06/15
  • posted in committee
02/10/15
  • reported favorably, 1st reading, to Calendar
02/11/15
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 12, 2015
02/13/15
  • 3rd reading, passed 83-9
  • received in Senate
02/19/15
  • to Appropriations & Revenue (S)
02/26/15
  • reported favorably, 1st reading, to Calendar
02/27/15
  • 2nd reading, to Rules
03/02/15
  • posted for passage in the Regular Orders of the Day for Tuesday, March 3, 2015
03/03/15
  • 3rd reading, passed 36-1
  • received in House
03/04/15
  • enrolled, signed by each presiding officer
  • delivered to Governor
03/09/15
  • signed by Governor (Acts ch. 1)


Last updated: 1/16/2019 3:10 PM (EST)