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SB7: Increasing the statutory limits on bonds issued by a township based on township population and purpose of the bond issuance.
Passed BothSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill increases the limits on bonds issued by townships based on population and purpose. This means townships can borrow more money for specific projects or expenses.
Who This Affects
Township residents who may benefit from new infrastructure, services, or projects funded through these bond issuances will be impacted positively.
Key Provisions
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Timeline
Introduced
Tuesday, January 14, 2025
Last Action
Senate Approved by Governor on Friday, March 21, 2025
Mar 23, 2025
Sponsors
No sponsors listed.
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