Relating to the property tax levy for the payment of general obligation bonds issued by cities for certain flood-related purposes and including applicability provisions. Effective 7-1-19

Where it is now

1. ✓
   Done: IntroducedMarch 4, 2019
2. ✓
   Done: SubcommitteeMarch 5, 2019
3. ✓
   Done: House committeeMarch 13, 2019
4. ✓
   Done: Passes the HouseApril 22, 2019
5. ✓
   Done: Senate committeeApril 24, 2019
6. ✓
   Done: Passes the SenateApril 26, 201949–0
7. ✓
   Done: To the GovernorMay 2, 2019
8. ✓
   Done: Signed into lawMay 16, 2019

Signed into law What’s a funnel?

What’s in it

This bill amends provisions governing the property tax levy imposed by a city to retire bonds. The bill provides that general obligation bonds issued by a city for specified flood-related purposes and bonds issued to refund or refinance such bonds may mature and be retired in a period not exceeding years from the date of issue, instead of a 20-year retirement period. However, the 30-year period is only applicable if the bonds are issued in conjunction with a project approved by the flood mitigation board under Code chapter 418 and if the estimated useful life of the project, independently determined by a licensed professional engineer, is at least 200 percent of the maturity and retirement period for the bonds.

Full bill text · What changed before it passed¹

Senate subcommittee

Named April 23, 2019. It hasn’t reported yet.

• Sen. Dan Dawson REmail
• Sen. William A. Dotzler Jr. DEmail
• Sen. Jason Schultz REmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

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