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SB374    Pdf File  
Measure Title: RELATING TO TAX INCREMENT BONDS.
Report Title: Tax Increment Bonds; County Debt Limit Statements; Comprehensive Economic Impact Analysis; Reports
Description: 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.
Companion:
Package: None
Current Referral: EIG, WAM
Introducer(s): MCKELVEY, FEVELLA, KIDANI, Fukunaga, Hashimoto
Act:

Sort by Date Status Text
1/21/2025SReferred to EIG, WAM.
1/15/2025SIntroduced and passed First Reading.
1/14/2025SPending Introduction.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB374
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