04RS HB489


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HB 489/FN (BR 1068) - R. Damron, R. Adkins, L. Clark, J. Draud, J. Stacy, S. Westrom

     AN ACT relating to postsecondary institution debt.
     Create new sections and amend existing sections of KRS Chapters 48 and 164A to provide a process for postsecondary institutions to issue auxiliary enterprises agency revenue bonds or hospital agency revenue bonds upon authorization by the General Assembly; provide an intercept clause to ensure bond payment; and require all postsecondary institutions' general fund-supported bonds to be issued by the State Property and Buildings Commission unless otherwise approved by the Finance and Administration Cabinet.

     Feb 10-introduced in House
     Feb 11-to Education (H)
     Feb 13-posted in committee
     Feb 17-reassigned to Appropriations and Revenue (H); posting withdrawn
     Feb 20-posted in committee
     Feb 24-reported favorably, 1st reading, to Calendar
     Feb 25-2nd reading, to Rules
     Feb 27-posted for passage in the Regular Orders of the Day for Monday, March 1, 2004
     Mar 2-3rd reading, passed 95-1
     Mar 3-received in Senate
     Mar 8-to Appropriations and Revenue (S)

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