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2009 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to underdeveloped property increment financing; prescribing an effective date.
Catchline/Summary: Authorizes municipalities to enter into agreements with property developers under which municipally owned property is conveyed at below market value or at no cost to developer, developed to highest and best use by developer and municipal property taxes raised on incremental increase in value are directed by terms of agreement to economic development purposes, development of subsequent underdeveloped property or repayment of debt associated with participating property.
Chapter Number:
Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: In House Committee
Current Committee: House Committee On Land Use
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events