Constitutional amendment; limitation on debts (first reference). (HJ677)
Introduced By
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
Description
Constitutional amendment (first resolution); limitation on debt. Provides that in any 10-fiscal-year period beginning with fiscal years of the Commonwealth starting on or after July 1, 2014, no more than five percent of the average of the projected revenues for each fiscal year shall be used directly or indirectly for principal, interest, or other payments on debt. This limitation may be exceeded only by a vote of at least two-thirds of the members elected to each house of the General Assembly. The bill provides that the General Assembly shall define the terms "debt" and "projected revenues." Read the Bill »
Status
01/25/2013: Merged into HB1941
History
| Date | Action |
|---|---|
| 01/09/2013 | Prefiled and ordered printed; offered 01/09/13 13103501D |
| 01/09/2013 | Referred to Committee on Privileges and Elections |
| 01/11/2013 | Assigned P & E sub: Constitutional Amendments Subcommittee |
| 01/21/2013 | Subcommittee recommends incorporating (HJ594-Loupassi) |
| 01/25/2013 | Incorporated by Privileges and Elections (HJ594-Loupassi) |