SB 901 - Lembke, Jim
Modifies the requirements for a county, city, town, or village to issue revenue bonds and the ability of industrial development corporations to issue bonds
Bill Details
Sponsor
LR Number
6073S.01I
Title
SB 901
House Handler
N/A
Journal Page
Effective Date
August 28, 2012
Current Status
Second Read and Referred S Jobs, Economic Development and Local Government Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 901 - This act requires a county, city, town, or village that issues revenue bonds for industrial development without approval of the voters to secure bond insurance for the bond issue.
This act also prohibits a county, city, town, or village from authorizing the formation of an industrial development corporation beginning on August 28, 2012. Industrial development corporations already formed are not authorized to issue revenue bonds beginning on August 28, 2012.
EMILY KALMER