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After heated floor debate, House approves notice‑of‑debt bill requiring bond advertising and alternative notice options
Summary
Substitute House Bill 28, which would require entities issuing bonds over $1 million to publish notice and hearings in regularly circulated newspapers, passed 42–33 after extensive debate over exemptions for lease‑purchase agreements and special rules for small rural communities; several amendments were proposed and divisions recorded.
The House passed substitute House Bill 28 on Feb. 1 after prolonged debate over whether and how local governments must notify residents about large bond issues.
Representative Tanner, who sponsored the substitute, said the bill would require a public notice — typically a quarter‑page bordered advertisement in a regularly circulated newspaper — when a government entity proposes bonding over $1 million, ‘‘so that citizens have an opportunity to know when we're…
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