Page 1 of 1 LRC 2025-BR451-HB606
COMMONWEALTH OF KENTUCKY FISCAL NOTE STATEMENT
LEGISLATIVE RESEARCH COMMISSION
2025 REGULAR SESSION
MEASURE
2025 BR NUMBER 451 HOUSE BILL NUMBER 606
TITLE AN ACT relating to general obligation bonds.
SPONSOR Representative Josh Bray
FISCAL SUMMARY
STATE FISCAL IMPACT: YES NO UNCERTAIN
OTHER FISCAL STATEMENT (S) THAT MAY APPLY: ACTUARIAL ANALYSIS
LOCAL MANDATE CORRECTIONS IMPACT HEALTH BENEFIT MANDATE STATE
EMPLOYEE HEALTH PLAN IMPACT
APPROPRIATION UNIT(S) IMPACTED:
FUND(S) IMPACTED: GENERAL ROAD FEDERAL RESTRICTED
FISCAL ESTIMATES 2024-2025 2025-2026 ANNUAL IMPACT AT FULL
IMPLEMENTATION
REVENUES
EXPENDITURES
NET EFFECT
( ) indicates a decrease/negative
PURPOSE OF MEASURE: The measure expands existing reporting requirements on public
debt obligations to the Capital Projects and Bond Oversight Committee and Interim Joint
Committee on Appropriations and Revenue to include general obligation bonds.
FISCAL EXPLANATION : There is no fiscal impact.
DATA SOURCE(S): LRC Staff
PREPARER: Liz Columbia NOTE NUMBER: 80 REVIEW: JMR DATE: 2/20/2025