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House Bill 1106 |
House Author: Howard |
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Effective: 6-18-05 |
Senate Sponsor: Janek |
House Bill 1106 repeals the Public School Facilities Funding Act that authorized the Bond Review Board to issue bonds guaranteed by the permanent school fund and income from that fund and to place the bond proceeds in the school facilities aid fund, the purpose of which was to allow the state to purchase school district bonds, to make capital improvement loans to qualifying school districts, and to help school districts in their issuance of bonds.