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ID S1060
Bill
AI Summary
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Expands intermodal commerce authorities to be established in any incorporated city in addition to counties, renaming the framework "County-Based or City-Based Intermodal Commerce Authority"
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Requires city council to adopt a resolution with specific findings after a public hearing before a city-based intermodal authority can exercise powers, including findings that conditions exist to benefit the city and citizens are supportive
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Authorizes intermodal authorities to acquire, construct, maintain, and operate transportation, storage, and economic development facilities; issue bonds; and pledge property as security with approval of the governing body that created the authority
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Allows cities to dedicate, sell, convey, or lease property interests and grant easements, licenses, and other rights to intermodal authorities for planning, establishment, construction, and operation
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Requires that city money accepted by an intermodal authority must be spent upon terms and conditions prescribed by the governing city; validates any intermodal authorities existing as of July 1, 2006
Legislative Description
Amends existing law relating to intermodal commerce authorities to provide for city-based intermodal commerce authorities, to provide for authority of city-based intermodal authorities and to provide that an intermodal authority may be established in any incorporated city.
INTERMODAL COMMERCE AUTHORITIES
Last Action
Governor signed Session Law Chapter 37 Effective: 07/01/11
3/3/2011