Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 470 introduces the Certificate of Obligation Reform Act, significantly restricting local governments’ ability to issue certificates of obligation. It limits issuance to cases of legal compliance, emergencies, natural disasters, or court orders, shortens the maximum maturity period to 30 years, and increases public petition requirements for voter approval​.
Author
Kevin Sparks
