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2012 House Bill 5558: Authorize DDA borrowing-and-spending for “transit-oriented facilities”
Introduced by Rep. Jim Townsend (D) on April 24, 2012
To explicitly authorize Downtown Development Authorities to borrow and spend on projects benefiting, and subsidies to, developers of “transit-oriented facilities” and “transit-oriented development.” Money to repay DDA loans is “captured” from a portion of tax revenues that local governments levy to pay for their own operations and services.   Official Text and Analysis.
Referred to the House Transportation Committee on April 24, 2012