Enrolled Bill Summary

House Bill 647	House Author:  Krusee
Effective:  6-18-05	Senate Sponsor:  Ogden

            House Bill 647 amends the Government Code to permit a county with an outstanding property tax-backed debt of at least $100 million to issue obligations for certain public improvements if the long-term debt is rated in one of the four highest rating categories for a long-term obligation.  The bill also adds a provision relating to the review and approval of refunding bonds by the attorney general.