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Bill > A2618
NJ A2618
NJ A2618Requires interpretive statements of State general obligation bond act public questions to include certain fiscal information.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires that any ballot question authorizing the creation of a debt or liability of the State contain a statement of (1) the total amount appropriated in the prior fiscal year for payment of principal and interest due on State general obligation indebtedness and that amount on a State per capita basis, and (2) the estimated total amount of principal and interest payments required to redeem the aggregate principal amount of the new indebtedness proposed to be created and that amount on a State per capita basis. This statement would be in narrative form and would follow the interpretive statement that now appears on a ballot question to describe the purposes of the bond issue.
AI Summary
This bill requires that any ballot question authorizing the creation of a State debt or liability include a fiscal statement providing the total amount appropriated in the prior fiscal year for payment of principal and interest on State general obligation indebtedness, on a per capita basis, and the estimated total amount of principal and interest payments required to redeem the new indebtedness proposed, also on a per capita basis. This additional information would follow the current interpretive statement describing the purposes of the bond issue.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A2618 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2618_I1.HTM |
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