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HB 1147 (2026)

Restrict capital reserve fund use for lease/purchase agreements

This bill is still active.

Last updated 2025-12-03 8:39 pm
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.

Bill Sponsor:
Brian Nadeau
Republican party logo
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