HB 1147 (2026)
Restrict capital reserve fund use for lease/purchase agreements
This bill is still active.
Last updated 2026-02-01 1:34 am
Summary:
Reinstates specific requirements for using capital reserve funds for multiple payments under lease/purchase financing agreements, including a prohibition on escape clauses and a required 2/3 legislative body vote.
Status:
Public Hearing Date:
02/03/2026 10:45 am
Public Hearing Location:
GP Room 154
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