HB 551 (2007): allowing cities and towns to use capital reserve funds for debt repayment.
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@misc{bill-2007-hb551, title = {HB 551 (2007): allowing cities and towns to use capital reserve funds for debt repayment.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2007/hb551}, note = {Accessed 24 Oct. 2026} }
HB 551 (2007)
allowing cities and towns to use capital reserve funds for debt repayment.
- Status: Signed into law
- Term: 2007-2008
- House committee: Municipal and County Government
- Senate committee: Public and Municipal Affairs
- Subject: Municipalities
- Chapter law: 178
The Story
It was introduced on January 4, 2007 and referred to the House Municipal and County Government committee. The committee held a public hearing on February 22, 2007. The committee met in executive session on March 8, 2007 to vote on its recommendation. The committee voted unanimously, 16–0, to recommend that the House pass it with changes, and the report was placed on the consent calendar. The committee's amendment (0556h) was adopted on a voice vote on March 27, 2007, changing the text of the bill. On March 27, 2007 the House voted to pass it with changes on a voice vote. It crossed to the Senate on April 12, 2007 and was referred to the Senate Public and Municipal Affairs committee. The committee held a public hearing on April 24, 2007. The committee recommended that the Senate pass it with changes. The committee's amendment (1328) was adopted on a voice vote on May 3, 2007, changing the text of the bill. On May 3, 2007 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. On May 31, 2007 the House adopted “House Concurred with Senate AM #1328s (New Title), Rep Theberge” on a voice vote. The bill was enrolled on June 7, 2007 — the final check of the text before it goes to the governor. The governor signed it on June 20, 2007, making it Chapter 178 of the session laws.
Sponsors
- Rep. Bette Lasky (D - Hills 26) (prime sponsor)
Hearings and Sessions
- February 22, 2007, 1:45 PM: public hearing, House Municipal and County Government, LOB 301
- March 8, 2007, 10:00 AM: executive session, House Municipal and County Government, LOB 301
- April 24, 2007, 9:00 AM: hearing, Senate Public and Municipal Affairs, LOB 101
Votes
- March 27, 2007, House: Ought to Pass with Amendment #0556h — voice vote, passed
- May 3, 2007, Senate: Ought to Pass with Amendment{1328}(New Title) — voice vote, passed
- May 31, 2007, House: House Concurred with Senate AM #1328s (New Title), Rep Theberge — voice vote, passed
The Docket
- January 4, 2007: Introduced and ref to Municipal and County Government
- February 22, 2007: Public Hearing: 2/22/2007 1:45 PM LOB 301
- March 8, 2007: Executive Session: 3/8/2007 10:00 AM LOB 301
- March 20, 2007: Comm Report: Ought to Pass with Amendment {0556h} for March 27 (vote 16-0; CC)
- March 20, 2007: Proposed Committee Amendment: #0556h
- March 27, 2007: Amendment {0556h} Adopted, VV
- March 27, 2007: Ought to Pass with Amendment #0556h: MA VV
- April 12, 2007: Introduced and Referred to Public and Municipal Affairs
- April 24, 2007: Hearing; April 24, 2007, Room 101, LOB, 9:00 a.m.; SC17
- April 26, 2007: Committee Report; Ought to Pass with Amendment{1328}(New Title) [05/03/07]; SC18, Pg.6
- May 3, 2007: Committee Amendment{1328}(New Title), AA, VV
- May 3, 2007: Ought to Pass with Amendment{1328}(New Title), MA, VV; OT3rdg
- May 3, 2007: Passed by Third Reading Resolution
- May 31, 2007: House Concurred with Senate AM #1328s (New Title), Rep Theberge, MA VV
- June 7, 2007: Enrolled
- June 7, 2007: Enrolled
- June 20, 2007: Signed by the Governor on 06/18/07; Eff. Date 08/17/07; Chapter 0178