Senate Sponsors: JONES,E-TROTTER-WELCH-O'DANIEL. Short description: GO BOND ACT-SCHOOL CNSTRUCTION Synopsis of Bill as introduced: Amends the General Obligation Bond Act. Increases the authorization to sell bonds for school improvement projects authorized by the School Construction Law by $1,000,000,000 and extends the period during which the bonds may be sold from 6 years to 12 years. Increases the total bond authorization under the Act by an equivalent $1,000,000,000 to allow for the increased bond authorization for school construction. Effective immediately. STATE DEBT NOTE (Economic and Fiscal Commission) SB 2122 would increase General Obligation principal by $ 1.0 billion Potential General Obligation debt by $ 1.8 billion Annual debt service by $71.8 million Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status