Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3899 by Troxclair (relating to the issuance of bonds by certain local government corporations.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
Local Government Impact
There could be impacts on applicable municipalities or counties that have created local government corporations related to holding an election before they can issue bonds to pay for specific projects, as would be required by the bill.