2009 Regular Session
|At the request of:|
|Chief Sponsors:||Representative Holvey, Hunt|
|Bill Title:||Relating to urban renewal.|
|Catchline/Summary:||Sets initial maximum indebtedness for specified urban renewal plans.
Increases, on July 1 of each year, beginning in 2010, allowable amount of initial maximum indebtedness for plans that are not large metropolitan plans by use of specified index and for large metropolitan plans by use of change in average construction costs. Allows urban renewal agency to amend certain plans to increase maximum indebtedness. Allows urban renewal agency and entity authorized to exercise powers of urban renewal agency] to limit collection of taxes under specified circumstances and according to specified procedures. Allows urban renewal agency to notify assessor to collect maximum division of taxes for newly approved urban renewal plans and substantially amended plans, including certain plans classifiable as large metropolitan plans. Creates exceptions. Declares emergency, effective on passage.].
|Chapter Number:||Chapter 700|
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|