SB1271 - Bonds, notes or other evidence of indebtedness issued by any housing authority shall be sold at public sale

SB 1271

Bonds, notes or other evidence of indebtedness issued by any housing authority shall be sold at public sale

Sponsor:	Klindt
LR Number:	4512S.03I	Fiscal Note:	4512-03
Committee:	Financial and Governmental Organization
Last Action:	03/12/02 - Second Read and Referred S Financial & Governmental		Journal page:	S517
	Organizations, Vet. Affairs & Elections Committee
Title:
Effective Date:	August 28, 2002

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2002 Senate Bills

Current Bill Summary

SB 1271 - This act prescribes that the sale of bonds, notes or other evidence of indebtedness issued by any housing authority shall be sold at public sale, after giving reasonable notice of such sale, at the best price obtainable, and may bear interest at a rate not exceeding fourteen percent per annum. Current law states that said bond sales may be sold at any sale.

The provision that allows the issuing jurisdiction to adopt a resolution setting forth clear justification why the sale should be a private sale as well as the statement that private activity bonds may be sold either at public or private sale has been removed.
DONALD THALHUBER