HB 336·DE·house
AN ACT TO AMEND THE CHARTER OF THE TOWN OF LAUREL RELATING TO THE POWER TO BORROW MONEY AND ISSUE BONDS.
Signed into LawFiled Apr 9, 2026
Sponsor: Tim Dukes (R)
Latest Action
Signed
Jul 28, 2026
Summary
The charter amendment lets the Town of Laurel take government loans that carry no interest, require no principal payments and are completely forgiven, and also permits the council to issue up to $17 million in bonds without a voter referendum. Existing borrowing still requires public hearings, notice, and a special election, and total bonded debt may not exceed 50% of the town’s assessed property value.
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