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House debates bonding-authority bill; members seek clarity on whether statutory authorization triggers O&M costs
Summary
Lawmakers debated House Bill 12, which authorizes revenue-bond projects for higher-education facilities; sponsors said the statute does not itself appropriate funds and that the capital-facilities/bonding bill triggers construction and operation-and-maintenance (O&M) expenses, but members flagged an estimated $817,000 ongoing O&M exposure for two projects.
House members spent significant floor time on House Bill 12, which provides statutory authority for higher-education revenue-bond projects and related capital facilities. Sponsors and members repeatedly distinguished between the bill’s statutory authorization and the separate bonding bill that provides funding.
Sponsors and the floor fiscal analyst explained the bill itself does not appropriate state funds; instead, projects move forward only after the Capital Facilities Committee and the…
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