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House adopts amendments to truth-in-borrowing bill and forwards substitute to senate
Summary
Substitute House Bill 121, addressing truth-in-borrowing notices for public bond offerings and shifting some notice burdens away from newspapers, was amended on the floor and passed 54–5; sponsors called the changes technical and intended to improve transparency for constituents.
Representative Jordan Tanner moved friendly amendments to substitute House Bill 121, described as technical changes to truth-in-borrowing requirements that clarify where government entities must advertise bond offerings and reduce the burden placed on newspapers. Tanner said the amendments were cleared in committee and are intended to improve disclosure for constituents without changing substantive obligations.
The House adopted the pink-sheet amendments, debated briefly, and the clerk announced the substitute bill as amended received 54 affirmative votes and 5 negative votes. The bill will be forwarded to the senate.
