Ago

QUESTIONS: 1. Would the bill require a constitutional amendment, given restrictions in s. 10, Art. VII, State Const., relative to lending credit to persons? 2. Would the provisions of the bill be considered a form of exemption, thus possibly requiring an amendment to s. 3, Art. VII, State Const.? 3. Are there any other constitutional questions which may arise as a result of the provisions of the bill, as set forth above? 4. Are there any restrictions on the use of state retirement funds which would prohibit their use for the purposes set forth?

SUMMARY: Proposed legislation which would defer…