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House debates lease‑revenue bond for Tax Commission building; motion to lift bill from rules fails
Summary
Representatives debated a proposal (HB 472) for a $15.5 million lease‑revenue bond to finance a new State Tax Commission building; the motion to lift the bill from rules required a two‑thirds threshold and failed 37–35 after extended debate about timing, maintenance costs and fiscal prudence.
Representative Crossman moved to lift House Bill 472 (Capital Facilities Funding), a lease‑revenue bond proposal that would authorize $15.5 million for a new State Tax Commission building, and place it at the top of the third‑reading calendar for immediate consideration. Crossman argued the lease‑revenue structure would not count against the State’s general obligation statutory bonding limit and that borrowing now, while interest rates were low, was…
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