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Committee advances substitute bond bill, preserves $4.9 billion authorization
Summary
The Capital Budget Committee voted to report a proposed substitute to the bond bill out of committee with a "do pass" recommendation after staff said the change is a technical correction aligning tax-exempt/taxable bond ratios with IRS rules and the capital budget.
The Capital Budget Committee voted to report a proposed substitute to the bond bill out of committee with a due-pass recommendation after staff said the change is a technical correction that preserves the bill's overall authorization.
John, a staff member, told the committee that “the proposed substitute essentially makes a technical correction to the ratio of tax exempt and taxable bonds, which aligns with the spending that's proposed for the public works board in proposed…
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