S00273Introduced in the Senate
Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.
Introduced by Monica Martinez, District 4
What does this bill do?
Plain-English breakdown
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Official description
Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.
Where it stands
REPORTED AND COMMITTED TO FINANCE
January 28, 2026
How did lawmakers vote?
SenateStage: Senate Local Government Committee Vote · January 28, 2026
6
Yes
0
No
1
Absent or Not Voting
7 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Monica Martinez | 4 | Yes |
| Alexis Weik | 8 | Yes |
| Robert Rolison | 39 | Yes |
| James Skoufis | 42 | Yes |
| Patricia Fahy | 46 | Yes |
| Samra Brouk | 55 | Absent |
| April Baskin | 63 | Yes |
Bill history
REFERRED TO LOCAL GOVERNMENT
REPORTED AND COMMITTED TO FINANCE
COMMITTEE DISCHARGED AND COMMITTED TO RULES
ORDERED TO THIRD READING CAL.1597
PASSED SENATE
DELIVERED TO ASSEMBLY
referred to local governments
died in assembly
returned to senate
REFERRED TO LOCAL GOVERNMENT
REPORTED AND COMMITTED TO FINANCE
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