Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 1514 limits the authority of political subdivisions to issue public securities for purchasing or leasing tangible personal property. It stipulates that the maturity date of the issued security cannot exceed the property's expected useful life as calculated under federal depreciation standards​.
Author (1)
Michael Schofield
Contact the Author
Rep. Michael Schofield
Capitol Phone:
(512) 463-0528
Capitol Office:
EXT E2.418
E-Mail:
