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BILL SB08-103 CAR Position - Monitor
Summary of SB08-103 Sponsors: Tochtrop Commencing with the first property tax year in which any payment of property taxes are allocated and paid into a special fund to pay off indebtedness incurred by an urban renewal project, requires an urban renewal authority to make an annual payment to the other public bodies that share in the revenues produced by the property tax levy, including counties, school districts, and special districts, in an amount that is not less than a specified percentage of the amount of revenues from the property tax levy paid into the special fund in that year. Specifies how the amount paid by an urban renewal authority pursuant to the act is to be divided among the other public bodies. Status Fiscal Notes Status: Fiscal note currently unavailable |