Introduced in the House on March 24, 2010, to give local "local development financing act" authorities the power to borrow and spend on infrastructure projects and subsidies that promote the use of mass transit and are within a half mile of a transit station. The debt is paid by "capturing" a portion of increased property taxes that would otherwise be available to local governments to pay for their own operations (or for tax cuts)
The vote was 80 in favor, 24 opposed and 3 not voting
(House Roll Call 412 at House Journal 0)
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