SB 442 Modifies the composition of tax increment financing commissions in Boone County
Sponsor: Schaefer
LR Number: 1998S.01I Fiscal Notes
Committee: Ways and Means
Last Action: 5/15/2015 - S Informal Calendar S Bills for Perfection--SB 442-Schaefer Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2015

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Current Bill Summary

SB 442 - Currently, tax increment financing commissions in Boone County consist of two members appointed by school districts in the redevelopment area, one appointed by the other affected taxing districts, and six appointed by the municipality. This act lowers the number appointed by the municipality to three and adds six members appointed by the presiding county commissioner.

This act is similar to HB 855 (2015) and a provision in HCS/SB 364 (2015).