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Bill Extending Bonding Sunset for AA Rated Communities Passes Senate Committee

Posted on June 4, 2014 by nbrown

Senate Bill 922, a bill to extend the December 31, 2014 sunset for bonding for communities with a AA credit rating switching from defined benefit plans to defined contribution plans, passed out of the Senate Finance committee today.  The introduced version would extend the sunset to December 31, 2016 but an amendment was added in committee today changing that to December 31, 2015.

Samantha Harkins is the Director of State Affairs for the League handling municipal finance issues.  She can be reached at sharkins@mml.org or 517-908-0306.

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