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House passes HB 18 after prolonged debate over revenue‑bond accountability
Summary
HB 18, requiring higher‑education institutions to notify officials ahead of potential shortfalls in bond debt‑service reserves and aiming to improve accountability and borrowing costs, passed the House after members debated implied guarantees and an amendment to delete governor‑request language failed.
Representative Richard M. Sidaway and sponsor Representative Fred Hunsaker said HB 18 would require colleges and universities that issue revenue bonds to notify the governor and Board of Regents if a debt‑service reserve may not be met, giving at least a year’s advance notice. Hunsaker and supporters argued the…
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