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 addresses how local governmental units, such as cities and counties, manage debt financing through what are called 'sinking funds.' Essentially, it updates rules regarding the funds set a…Open in Informed Citizenry