| SB 0235 | Considers the value of a redevelopment area when calculating local indebtedness limit |
| Sponsor: | Quick | |||
| LR Number: | 0715S.01T | Fiscal Note: | 0715-01 | |
| Committee: | Economic Development, Tourism & Local Government | |||
| Last Action: | 05/08/03 - Signed by Governor | Journal page: | S1367 | |
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 235 - This act provides that the calculation of the limit
for local government indebtedness as outlined in the Missouri
Constitution shall include the additional value added to an area
as a result of a TIF redevelopment project in such area. The
County Assessor is instructed to include such value when making
entries in the assessor's book.
JEFF CRAVER