SB 580 – Requires voter or General Assembly approval before the Regional Convention and Sports Complex Authority extends or issues new bonds obligating the state

• Sponsor: Schaaf
• LR Number: 4940S.02C
• Committee: General Laws and Pensions
• Last Action: 5/13/2016 - Informal Calendar S Bills for Perfection--SB 580-Schaaf, with SCS & SA 2 (pending)
• Title: SCS SB 580
• Effective Date: Emergency clause

Current Bill Summary

SCS/SB 580 - This act requires either voters or the general assembly to approve the Regional Convention and Sports Complex Authority issuing new bonds that would financially obligate the state or before extending current bonds where the existing principal is increased. This act contains an emergency clause

This act is similar to SB 330 (2015), SB 319 (2015), and SB 460 (2015).

DOMENIC SITA

SA 1 - THIS AMENDMENT REQUIRES VOTERS OR THE GENERAL ASSEMBLY TO APPROVE BONDS ISSUED BY THE JACKSON COUNTY SPORTS COMPLEX AUTHORITY AS WELL AS ANY OTHER LOCAL GOVERNMENT CONVENTION AND SPORTS AUTHORITIES