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Bond Referendum Bill Clears Senate Committee

By John Forester | January 20, 2022

The Senate Committee on Government Operations, Legal Review and Consumer Protection recommended for passage today on a 3-2 party-line vote Senate Bill 448, relating to including with a referendum question for issuing bonds a statement of the estimated interest accruing on the amount of the bonds.  The SAA opposes SB 448.  Please see below the testimony SAA submitted to the Committee on the bill, along with a memo from Attorney Allison Buchanan of Quarles & Brady in which she expresses her concerns about the bill from a bond counsel perspective.

SB 448 Testimony

Quarles & Brady Memo

Stay tuned.

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