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HF 101

A bill for an act relating to the sale of bonds by limiting the amount offered for sale.

2025-2026 Regular Session Introduced by Josh Meggers

Bill HF 101 caps bond sales for public projects at 80% of costs, requiring local governments to find alternative funding for 20%, promoting fiscal responsibility.

Withdrawn. H.J. 12/19.
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Bill Summary · HF 101

Summary of Bill HF 101

Bill Number: HF 101
Title: A bill for an act relating to the sale of bonds by limiting the amount offered for sale.
Status: Subcommittee: Meggers, Wichtendahl and Wills, J.
Introduced: January 22, 2025
Classification: Bill
Subject: Bonds

Purpose and Intent

Bill HF 101 aims to regulate the issuance of bonds for public projects by imposing a cap on the amount of bonds that can be sold. The primary intent is to ensure that a significant portion of project funding comes from sources other than bond sales, promoting fiscal responsibility and reducing reliance on debt financing for public projects.

Key Provisions

  • Bond Issuance Limitation:
    • For projects where a proposition to issue bonds is approved at an election held after July 1, 2025, the total amount of bonds issued cannot exceed 80% of the total cost of the project.
    • The remaining 20% of the project cost must be funded through sources other than the sale of bonds.

Impact

  • Affected Entities:

    • This bill will impact local governments and public agencies that seek to finance projects through bond sales. It will require them to identify alternative funding sources for at least 20% of project costs.

  • Financial Implications:

    • By limiting bond sales, the bill aims to reduce the financial burden on taxpayers and promote more sustainable funding practices for public projects.

Procedural Aspects

  • Legislative Actions:
    • The bill was introduced on January 22, 2025, and has been referred to the Ways and Means Committee.
    • As of January 23, 2025, it is under consideration by the subcommittee consisting of members Meggers, Wichtendahl, and Wills, J.

Conclusion

HF 101 represents a significant shift in how public projects may be financed in the future, emphasizing a balanced approach to funding that limits debt reliance. Stakeholders, including local governments and taxpayers, should be aware of these changes as they could impact future project planning and financing strategies.

Compiled from official sources — confirm details with the bill’s official record.

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