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Bill

S 273

Small Business Child Care Investment Act

119th Congress Introduced by Joni Ernst and 2 co-sponsors

Bill S 273 repeals bond installment payment rules, allowing local governments greater flexibility and efficiency in managing bond obligations and financial planning.

Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment. Without written report.
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WeVote Research Nonpartisan
Bill Summary · S 273

Summary of Bill S 273: Relates to Installments of Bonds; Repealer

Bill Overview

  • Bill Number: S 273
  • Title: Relates to Installments of Bonds; Repealer
  • Status: Referred to Local Governments
  • Introduced On: January 08, 2025
  • Classification: Legislative Bill

Purpose and Intent

Bill S 273 aims to repeal existing provisions related to the installment payment of bonds. The intent behind this legislation is to streamline the bond issuance process and potentially reduce administrative burdens associated with the current installment framework.

Key Provisions

  • Repeal of Installment Provisions: The bill proposes the elimination of specific regulations governing the installment payments of bonds. This change is expected to simplify the bond issuance process for local governments and other entities that utilize bonds for financing projects.

  • Impact on Local Governments: By repealing these provisions, local governments may gain greater flexibility in how they manage bond payments, potentially leading to more efficient financial planning and execution.

Legislative Actions

  • 2025-01-08: Bill was introduced and referred to the Local Government committee.
  • 2025-04-29: The bill was reported and committed to the Finance committee for further consideration.
  • 2025-06-09: The committee was discharged, and the bill was committed to the Rules committee, followed by an order for a third reading.
  • 2025-06-10: The bill passed the Senate and was subsequently delivered to the Assembly, where it was again referred to the Local Governments committee.

Related Bills

  • A 9915: A related bill from the prior session that may address similar issues concerning bond payments.
  • S 5656: Another prior-session bill that could have implications for the current legislation.

Potential Impact

The repeal of the installment provisions could lead to:
- Increased Efficiency: Local governments may find it easier to manage their bond obligations without the constraints of the previous installment requirements.
- Financial Flexibility: Entities that issue bonds may have more options in structuring their financing, potentially leading to cost savings and improved cash flow management.

Conclusion

Bill S 273 represents a significant legislative effort to simplify the bond issuance process for local governments by repealing outdated provisions related to installment payments. As it moves through the legislative process, stakeholders in local government finance should monitor its progress and potential implications for future bond management practices.

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

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