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IN SR0050

Resolution

Status

Introduced

2/23/2012

Primary Sponsor

Carlin Yoder

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Urges the Legislative Council to assign a study committee to examine issues related to using environmentally contaminated property for residential development
  • Addresses concerns that environmental remediation costs may not be economically feasible for private developers when the intended future use is residential housing
  • Requests study of expanding tax increment financing (TIF) to cover environmental cleanup and related costs for residential redevelopment projects
  • Focuses particularly on contaminated properties in cities and towns that would be best suited for residential purposes after remediation

Legislative Description

Study committee on environmental remediation issues.

Last Action

First reading: referred to Committee on Energy and Environmental Affairs

2/23/2012

Full Bill Text

No bill text available