Introduced
by
To create a state revolving loan fund to bail out local governments that authorized a local property tax special assessment to pay debt service on money borrowed to build infrastructure for a particular subdivision development that is less than 20 percent completed, and so delinquent on the special assessment payments. The bill does not specify any funding source for the proposed loans. See also House Bill 6180, which authorizes extensive tax breaks for the failing subdivisions.
Referred to the Committee on Intergovernmental, Urban, and Regional Affairs
