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Treasurer's request to discuss shifting from long-term GO bonds removed from SFAA agenda after members express unease
Summary
The constitutional subcommittee of the Senate Finance Committee heard testimony that members of the State Fiscal Accountability Authority removed an agenda item the state treasurer sought to place on a February meeting because a majority of members expressed discomfort with the request.
The constitutional subcommittee of the Senate Finance Committee heard testimony that members of the State Fiscal Accountability Authority (SFAA) removed an agenda item the state treasurer sought to place on a February meeting because a majority of members expressed discomfort with the request.
Grant Gillespie, director of the State Fiscal Accountability Authority, told the panel that the treasurer's office requested an agenda item in January to receive an update from disclosure counsel and to discuss the treasurer’s intent not to issue long‑term general obligation (GO) bonds and instead issue bond‑anticipation notes. Gillespie said the placeholder on the February agenda read only…
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