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• Introduced by Rep. Judy Emmons (R) on January 17, 2008, to not apply to the "eligible obligations" specified in the law authorizing downtown development authorities (DDAs) certain restrictions that apply to the refinancing of other municipal debt. "Eligible obligations" relates to the tax increment financing (TIF) used by DDAs, which allows them to “capture” increased local property tax revenue that results from their financing of certain improvement projects. However, due to provisions of Proposal A starting in 1994, the use of school tax revenue in a TIF scheme is not permitted without an "eligible obligations" exemption.
  • Referred to the House Intergovernmental, Urban And Regional Affairs Committee on January 17, 2008.
    • Referred in the House on January 23, 2008, without amendment and with the recommendation that the bill pass.
  • Referred to the House Intergovernmental, Urban And Regional Affairs Committee on March 19, 2008.