
COVID-19 RELIEF BONDS
Despite earlier reports that the measure was beginning to move, SENATE, NO. 2475 (Singleton D-7/Gopal D-11) has stalled for the time being in the Senate Community and Urban Affairs Committee.
In summary, this legislation would allow counties and municipalities to borrow moneys through the issuance of bonds and notes to cover unanticipated emergency expenses and revenue shortfalls directly attributable to the COVID-19 public health crisis. More specifically, the legislation would authorize a local unit to incur indebtedness, borrow money, and issue “Coronavirus Relief Bo...
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