HR 732, Local Government Loans Payable in Fiscal Year

Municipal Impact
Position
Support
GMA Contact
Bill Sponsor

Rep. Charles Martin
District 49

This bill proposes a constitutional amendment which would provide that temporary loans to local government entities (tax anticipation notes or "TANs") shall be payable within 12 months of the funding date of the loan. Currently, these loans are payable on or before the end of the calendar year in which the loan is made. 

Last Updated: 3/16/2022
Subject Area: Finance and Money Management
Resources: bill text
BILL STATUS
4/1/2022 - Tabled in Senate

Votes

4/1/2022 Senate Vote #776 Yea - 33 Nay - 19 Not Voting - 4 Excused - 0
3/15/2022 House Vote #714 Yea - 165 Nay - 3 Not Voting - 7 Excused - 5

Comment on this Bill

HR 732 In The News