Legislation to move the State Bond Advisor’s Office into the Treasurer’s Office and add transparency to the bond underwriting process won unanimous support in the House this week. Rep. Chad Caldwell wrote House Bill 1583.
It would fold the Bond Advisor’s Office into the Treasurer’s Office and requires financial agents, banks and underwriters to disclose financial contributions to those that might play a role in the bond issue process.
“I am pleased to see bipartisan efforts to give transparency to the people,” said Rep. Caldwell. “By removing unnecessary complexity and streamlining the Bond Advisor’s Office, we are able to cut costs while still benefitting from the same level of service and expertise provided by the staff in this area.”