01RS SB57


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SB 57 (BR 529) - D. Karem

     AN ACT relating to the issuance of county debt.
     Amend KRS 11.400 to remove the Lieutenant Governor from the County Debt Commission; amend KRS 66.310 relating to hearing procedures and require the state local debt officer to provide notice of the hearing under KRS Chapter 424 on a proposed bond issue by county; allow presentation of evidence; require a finding of facts and preparation of a decision by the state local debt officer; set out criteria for denial of bond issues; provide for an appeal of the decision of the state local debt officer granting the bond issue to be in the Circuit Court of the county seeking to issue bonds; exempt the state local debt officer from being named a party to an appeal; permit an appeal of a decision denying a bond issue to remain in Franklin Circuit Court with the state local debt officer required to be a party; require that an appeal shall be on the record; repeal KRS 66.300 creating the County Debt Commission.

     Jan 5-introduced in Senate; to State and Local Government (S)
     Feb 13-reported favorably, 1st reading, to Calendar
     Feb 14-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 15, 2001
     Feb 15-3rd reading, passed 38-0
     Feb 16-received in House
     Feb 19-to Local Government (H)
     Feb 26-posted in committee

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