House Sponsors: MORROW-FRANKS AND SHARP. Short description: DEBT ISSUANCE REFORM ACT Synopsis of Bill as introduced: Creates the Debt Issuance Reform Act. Requires bonds issued by specified State agencies to be sold to the highest bidder, by sealed bid, for an interest rate not exceeding the maximum rate fixed in the order authorizing the issuance of the bonds. Prohibits employees of specified State officers and agencies from any discussions or dealings on matters pertaining to bond issuance with a former employee of a State agency or office for one year after the employee's termination of employment, if specified conditions are met. Requires former employees of State offices or agencies who engage in work related to the issuance of bonds by the State or its agencies to register with the Secretary of State. Willful failure to register is a Class A misdemeanor. Provides that registration statements shall be made available to State agencies upon request. CORRECTIONAL NOTE (Department of Corrections) There would be no fiscal or prison population impact. FISCAL NOTE (Department of Central Management Services) There will not be a significant fiscal impact. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status