Increase Cap Charter School Moral Obligation Bonds
| Type | Bill |
|---|---|
| Session | 2021 Regular Session |
| Subjects |
Concerning an increase in the aggregate amount of qualified charter school bonds for which the general assembly may appropriate money to restore debt service reserve requirements.
Bill Summary:
Under current law, if the Colorado educational and cultural facilities authority has issued qualified charter school bonds for a charter school that fails to immediately restore its qualified charter school debt service reserve fund (reserve fund) to the applicable reserve fund requirement, the general assembly may, but is not required to, appropriate money to restore any or all reserve fund requirements for an aggregate outstanding principal amount of bonds not to exceed $500 million. The act increases the cap for the aggregate outstanding principal amount of qualified charter school bonds for which the general assembly may restore reserve fund requirements to $750 million.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 21-157 to the Committee of the Whole. | The motion passed on a vote of 8-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 21-157 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/06/2021 | Third Reading | BILL |
56
AYE
6
NO
3
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 03/23/2021 | Third Reading | BILL |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 04/15/2021 | Governor | Governor Signed |
| 04/08/2021 | Governor | Sent to the Governor |
| 04/07/2021 | House | Signed by the Speaker of the House |
| 04/07/2021 | Senate | Signed by the President of the Senate |
| 04/06/2021 | House | House Third Reading Passed - No Amendments |
| 04/05/2021 | House | House Second Reading Passed - No Amendments |
| 03/31/2021 | House | House Committee on Education Refer Unamended to House Committee of the Whole |
| 03/25/2021 | House | Introduced In House - Assigned to Education |
| 03/23/2021 | Senate | Senate Third Reading Passed - No Amendments |
| 03/22/2021 | Senate | Senate Second Reading Passed - No Amendments |
| 03/17/2021 | Senate | Senate Committee on Education Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 03/01/2021 | Senate | Introduced In Senate - Assigned to Education |
Prime Sponsor
Sponsor