SB402: Provides for the creation of restoration improvement districts for building restoration projects. (BDR 22-332)
Legislative Summary
AN ACT relating to taxation; authorizing under certain circumstances the governing body of a county or city to create a restoration improvement district for the purpose of a project to restore certain buildings that are at least 50 years of age; authorizing under certain circumstances the governing body of a county or city to pledge certain property tax proceeds for the costs of such a project; establishing certain requirements for contracts or agreements for construction work performed on such a project; and providing other matters properly relating thereto.
Demographic Impact
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Bill History
Amendments
Senate Amendment 494
Senate Amendment 494
