Kansas Senate Bill Substitute HB 2117 published by the conservative American Legislative Exchange Council (ALEC), supported by "The Wall Street Journal", supply-side economist Arthur Laffer, and anti-tax leader Grover Norquist. By 2017, state revenues had fallen by hundreds of millions of dollars causing spending on roads, bridges, and education to be slashed, but instead of boosting economic growth, growth in Kansas remained consistently below average. That year, the Republican Legislature of Kansas voted to roll back the cuts and after Brownback vetoed the repeal overrode his veto. As a conservative Republican Senator from Kansas, Brownback had been reelected by large margins in 1998 and 2004, and
Notional amount able to purchase. Hence the notional principal amount is the quantity of the assets and bonds. In the context of an interest rate swap, the notional principal amount is the specified amount on which the exchanged interest payments are based; this could be 8000 US dollars, or 2.7 million pounds sterling, or any other combination of a number and a currency. Each period's rates are multiplied by the notional principal amount to determine the height and currency of each counter-party's payment. A notional principal amount is the amount used as a reference to calculate the amount of interest due on