Establishes the Defeasement Trust Fund within the Department of Budget and Finance for the defeasement of tax-exempt bonds to allow private use of state facilities financed by tax-exempt bonds. Requires the Department to consult with bond counsel before defeasement. Appropriates moneys in and out of the Defeasement Trust Fund for defeasement of certain tax-exempt bonds. Effective 7/1/3000. (HD1)
- Chamber
- Senate
- Introduced
- Jan 23, 2026
- Last action
- Jan 23, 2026 — Introduced.
- Session
- 2026
- Momentum
- 64 · High