SB1124 — Sinking funds; requiring levy sufficient for timely redemption; prohibiting issuance for certain period if redeemed below par. Effective date.

SB1124 — Sinking funds; requiring levy sufficient for timely redemption; prohibiting issuance for certain period if redeemed below par. Effective date. · Informed CitizenryThis bill establishes rules for sinking funds and ad valorem taxes related to bonds issued by school districts (excluding technology center school districts). It requires that the millage rate for…Open in Informed Citizenry