Loading chat...
IN SB0472
Bill
Status
1/14/2013
Primary Sponsor
Ronald Grooms
Click for details
AI Summary
-
Prohibits the board of directors of any airport authority established by Clark County from levying property taxes within the district
-
Allows Clark County and municipalities within Clark County to establish cumulative capital development funds for airport-related purposes, even though the airport authority board cannot levy property taxes for those purposes
-
Requires airport authority boards prohibited from levying property taxes to raise money for bond payments, lease payments, and building fund purposes through alternative means rather than taxation
-
Maintains the airport authority's ability to prepare annual budgets and comply with budget submission requirements, but removes property tax levy authority for authorities established in Clark County
-
Effective date: July 1, 2013
Legislative Description
Airport authorities.
Last Action
First reading: referred to Committee on Commerce and Economic Development & Technology
1/14/2013