H2418B3580A06062 LKK:JSL 06/08/20 #90 A06062
AMENDMENTS TO HOUSE BILL NO. 2418
Sponsor: SENATOR HUTCHINSON
Printer's No. 3580
Amend Bill, page 2, line 5, by striking out the comma after
"agency" and inserting
or
Amend Bill, page 2, lines 5 and 6, by striking out "or other
State-authorized entity "
Amend Bill, page 2, line 8, by striking out the comma after
"agencies" and inserting
or
Amend Bill, page 2, lines 8 and 9, by striking out "or other
State- authorized entities "
Amend Bill, page 2, line 10, by striking out "June" and
inserting
October
Amend Bill, page 2, line 14, by inserting after
"authorities."
Each agency identified under this section shall provide to
the Treasury Department, within 30 days after the effective date
of this section, information requested by the Treasury
Department, including the following, related to all outstanding
debt obligations of the agency:
(1) Total outstanding amount of all obligations.
(2) Most recent audited financial statement of the
agency.
(3) Description of each obligation, identifying senior
or subordinate debt and Federal tax treatment.
(4) Account of all security pledged for each obligation.
(5) Most recent rating associated with each debt
obligation, including rate covenant and maturity date.
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(6) List of all additional associated agency obligations
or covenants.
(7) Annual debt service cost, debt service fund and debt
service reserve fund for each debt obligation.
(8) Risk factors and disclosure statements associated
with each debt obligation.
(9) Pending litigation that may financially impact the
debt obligations of the agency.
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