HB 435 (BR 1627) - S. Riggs
AN ACT relating to local government financial obligations.
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.
HB 435 - AMENDMENTS
HFA (1, J. DeCesare) - Amend KRS 424.240 to add a requirement that all local governments post their budget ordinances on an identified Internet Web site.
HFA (2/Title, J. DeCesare) - Make title amendment.
Jan 31-introduced in House
Feb 1-to Local Government (H)
Feb 5-posted in committee
Feb 12-reported favorably, 1st reading, to Calendar
Feb 13-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 14, 2008
Feb 14-floor amendments (1) and (2-title) filed
Feb 26-3rd reading, passed 96-0
Feb 27-received in Senate
Feb 29-to State & Local Government (S)
Mar 19-reported favorably, 1st reading, to Consent Calendar
Mar 20-2nd reading, to Rules
Mar 26-posted for passage in the Consent Orders of the Day for Wednesday, March 26, 2008; 3rd reading, passed 36-0
Mar 27-received in House; enrolled, signed by Speaker of the House
Apr 1-enrolled, signed by President of the Senate; delivered to Governor
Apr 9-signed by Governor (Acts Ch. 35)