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1994 SESSION

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HB 956 Definitions in the Industrial Development and Revenue Bond Act.

Introduced by: William K. Barlow | all patrons    ...    notes | add to my profiles

SUMMARY:

Definitions in the Industrial Development and Revenue Bond Act. Strikes prohibition against using industrial bond proceeds for various recreational and entertainment sports facilities and the prohibition that a commercial issue shall not use more than 25 percent of the issue proceeds for recreation or entertainment facilities that are not totally barred. However, bond proceeds may be used for such facilities; but, the interest on any bonds issued to finance such facilities is not exempt from federal income taxation.

FULL TEXT

• 01/25/94  House: Presented and ordered printed with emergency clause  pdf
• 02/12/94  House: Printed as engrossed LD6679126 (HB956E)  pdf
• 02/28/94  House: Bill text as passed House and Senate (HB956ER)  pdf
• 04/18/94  Governor: Acts of Assembly Chapter text (CHAP0737)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/25/94  House: Presented and ordered printed with emergency clause
• 01/25/94  House: Referred to Committee on Counties, Cities and Towns
• 02/04/94  House: Assigned to C. C. T. sub-committee: 1
• 02/09/94  House: Reported from C. C. T. with amendments (22-Y 0-N)
• 02/10/94  House: Read first time
• 02/11/94  House: Passed by for the day
• 02/12/94  House: Read second time
• 02/12/94  House: Committee amendments agreed to
• 02/12/94  House: Engrossed by House as amended
• 02/12/94  House: Printed as engrossed LD6679126 (HB956E)
• 02/13/94  House: Read third time and passed House (88-Y 9-N)
• 02/13/94  House: VOTE: PASSAGE (88-Y 9-N)
• 02/13/94  House: Communicated to Senate
• 02/15/94  Senate: Read first time
• 02/15/94  Senate: Referred to Committee on Local Government
• 02/22/94  Senate: Reported from Local Government (14-Y 0-N)
• 02/23/94  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/23/94  Senate: VOTE: CONST. READING DISPENSED (38-Y 0-N)
• 02/24/94  Senate: Read third time
• 02/24/94  Senate: Passed Senate (40-Y 0-N)
• 02/24/94  Senate: VOTE: PASSAGE (40-Y 0-N)
• 02/28/94  House: Bill text as passed House and Senate (HB956ER)
• 03/04/94  House: Enrolled
• 03/04/94  House: Signed by Speaker
• 03/06/94  Senate: Signed by President
• 04/10/94  Governor: Approved by Governor-Chapter 737 (effective 4/10/94)
• 04/18/94  Governor: Acts of Assembly Chapter text (CHAP0737)