SB 2808: B&F; DEFEASEMENT TRUST FUND; TAX-EXEMPT BONDS; STATE FACILITIES; PRIVATE USE; APPROPRIATION

Session Year: 2025-2026
House: Senate
Latest Version Date: 2026-04-08

Current Status:

In Progress

(2026-04-30: Conference committee meeting to reconvene on 05-01-26 11:00AM; Conference Room 309.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Establishes the Defeasement Trust Fund within the Department of Budget and Finance for the defeasement of tax-exempt bonds to allow private use of state facilities financed by tax-exempt bonds. Requires the Department to consult with bond counsel before defeasement. Appropriates moneys in and out of the Defeasement Trust Fund for defeasement of certain tax-exempt bonds. Effective 7/1/3000. (HD1)

Discussed in Hearing