SENATE BILL NO. 2005 "An Act relating to municipal bond reimbursement for school construction; and providing for an effective date." This was the first hearing for this bill in the Senate Finance Committee. Co-Chair Kelly explained this legislation is identical to the original version of HB 451 and contains authorization to issue bonds. He noted it does not list specific projects. Senator Austerman asked if the intent is to report SB 2005 from the Senate Finance Committee to be amended in the Senate Rules Committee. Co-Chair Kelly responded his intention is that no further action would be taken on this bill once it is referred to the Senate Rules Committee and that the bond authority would be granted through SB 2002. Senator Austerman asked the reason for reporting SB 2005 from the Senate Finance Committee. Co-Chair Kelly answered that in the event SB 2002 does not pass, there would be opportunity to pass the more limited provisions contained in SB 2005. He stated agreement exists on passage of at least minimal bonding authority as contained in the original version of HB 451, sponsored by Representative James. Senator Wilken clarified SB 2005 would be moved from Committee to allow for flexibility, which he supports. Senator Green offered a motion to move from Committee, SB 2005 with individual recommendations. There was no objection and SB 2005 MOVED from Committee. AT EASE 10:20 AM / 10:22 AM