Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB187 by Landgraf (Relating to a proposition to approve the issuance of bonds or other debt.), As Introduced
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources.
Local Government Impact
There could be an impact on certain units of local government related to requiring all propositions for approval of the issuance of bonds and other debt to be submitted to voters on the November uniform election date.