Relating To The Budget.

Where it is in the process

Plain-English Summary

Establishes the Defeasement Trust Fund within the Department of Budget and Finance for the defeasement of tax-exempt bonds to allow private use of state facilities financed by tax-exempt bonds. Requires the Department to consult with bond counsel before defeasement. Appropriates moneys in and out of the Defeasement Trust Fund for defeasement of certain tax-exempt bonds. Effective 7/1/3000. (HD1)

Source: OpenStates · fetched May 1, 2026

Votes

Sponsorship · 3 Sponsors

Democrat3Republican0Independent0Other0

D · PrimeDonovan Cruz
D · PrimeTroy Hashimoto
D · PrimeMichelle Kidani

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