The House Banking and Financial Services Committee cancelled the hearing last week and this week to take up HBs 5550-5554, which would amend various acts to allow locals to refinance certain nonvoted bonds in order to avoid potential problems with reduced revenues in the down economy. The cancellation was due to session being moved up to 10am the past two Thursdays. The League will be actively pursuing this issue upon the legislature's return in mid-January.
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