LD 329 LR 1520(02)
An Act To Amend the Laws Governing the Issuance of Bonds
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
Fiscal Note
Removes Governor's facsimile signature from general obligation bonds
Fiscal Detail and Notes
Removing the requirement that general obligation bonds ratified by the legal voters of the State must bear the facsimile of the signature of the Governor does not, by itself, have a financial impact. To the extent that this leads to a bond sale that is strongly opposed by a Governor, there may be unintentional tax and other consequences if that Governor blocks Executive Branch participation in pre-sale preparation of documents and the logistics of post-sale funding of projects.