2002 House Bill 6513

Introduced in the House

Nov. 7, 2002

Introduced by Rep. Gilda Jacobs (D-35)

To authorize the establishment of local “corridor improvement authorities” with the power to establish development districts and undertake projects funded by tax increment financing, which allows the additional taxes expected to be generated in future years because of the projects to repay money borrowed to finance the projects.

Referred to the Committee on Commerce