Relating To Tax Increment Bonds.
Last status update Jan 15, 2025
What this measure contains
Requires counties to commission a comprehensive economic impact analysis before issuing tax increment bonds and make the analysis publicly available. Requires counties issuing tax increment bonds to conduct publicly available biennial independent audits and report to the Legislature. Requires counties issuing tax increment bonds to establish a review board to oversee tax increment bond projects. Restricts the amount of total outstanding tax increment bonds that may be excluded from the calculation of a county's debt limits from exceeding twenty per cent. Conforms county debt limit statements law to exclude tax increment bonds from the debt limit of the counties if a constitutional amendment authorizing the use of tax increment bonds and excluding tax increment bonds from determinations of the counties' funded debt is ratified.
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- Introduced · Official document ↗· Jan 14, 2025
Related measures
- SB374— Carry Over
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Legislative history
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Pending Introduction.
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Introduced and passed First Reading.
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Referred to EIG, WAM.
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Carried over to 2026 Regular Session.