After the First 60 Days of the Legislative Session, Only

question 26

Multiple Choice

After the first 60 days of the legislative session, only _______ bills can be considered.

• A) statewide
• B) general
• C) special
• D) local

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, who are known as shareholders.

Bonds

Long-term debt securities issued by corporations or governments to finance operations, projects, or other capital needs, paying periodic interest and the principal amount at maturity.

Stock

Stock represents ownership shares in a corporation, giving holders a claim on part of the company's assets and earnings.

Bond Payable

A recorded obligation indicating a company must repay a borrowed sum at a set interest rate by a specified date.