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Senate substitutes Local Government Bonding Act to require municipal public hearings on bond impacts
Summary
Senate adopted a second substitute to S.B. 32 to clarify language including insertion of 'trust indenture' and to require municipalities to hold public hearings ahead of bond elections to discuss economic impacts. Sponsor said the substitute reflects bond attorneys’ suggestions and a compromise with the League of Cities.
Senator Jenkins presented and the Senate substituted S.B. 32, aimed at requiring municipalities to hold a public hearing that gives residents the chance to comment on the potential economic impact of bond-funded improvements before an election notice is published.
"It requires the cities no sooner than 30 days before an…
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