Bonds; authorize issuance to provide funds for the 2026 Local Governments Disaster Recovery Emergency Loan Fund.

Summary

The measure would authorize the State Bond Commission to sell general‑obligation bonds, with all proceeds placed into the 2026 Local Governments Disaster Recovery Emergency Loan Fund created by Senate Bill 2632. The bonds could be sold by public auction or negotiation, would be backed by the full faith and credit of the state, and could not be issued after July 1 2030. The bill failed to advance and died in committee.

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