December 19, 2011

House Votes To Authorize $6.2 billion In State Bonds

The House tonight took final action on two bills which would authorize $6.2 billion dollars in new state bonds to be issued. 
Senate Bill 1310 (Gordner-R-Columbia) providing for the repayment of monies loaned from the federal government to pay unemployment compensation, including authorization for $4.5 billion in state bonds to pay the debt, the largest in state history, was amended yet again "to clear up internal inconsistencies" on the House Floor on Third Consideration and passed by the House 193 to 1.  The bill must return to the Senate for a concurrence vote.
Senate Bill 1054 (Corman-R-Centre) providing for a $1.7 billion increase in the Capital Budget debt limit was reported from the House Appropriations Committee and passed by the House 119 to 75, but only after the Speaker held the vote open for a little longer than normal.  The bill now goes to the Governor for his action.