The Senate Committee on Intergovernmental Relations met to hear a number of posted bills. The report below details discussions on SB 295 by Hinojosa – Relating to the issuance of certain capital appreciation bonds by political subdivisions.
SB 295 (Hinojosa) Relating to the issuance of certain capital appreciation bonds by political subdivisions.
- Sen. Hinojosa lays out bill
- Hinojosa authored a bill last session limiting the use of Capital Appreciation Bonds, this bill is a clean-up bill to clarify refunding and transportation projects are exempted.
- Campbell – This is a good bill
- Lucas Janda, Fast Growth School Coalition and Leander ISD (For)
- Gives school districts the ability to quickly repay debt
- Could have had $121 million in savings if this had been in place this year
- Lucio – How many schools in Texas are considered fast growth?
- 70-80%
- SB 295 Left Pending