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IN HB1546
Bill
Status
1/23/2017
Primary Sponsor
Steven Davisson
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AI Summary
HB 1546 Summary
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Authorizes redevelopment commissions, redevelopment authorities, and military base reuse authorities to provide zero-percent interest loans to governmental entities for operational expenses, with loan terms not exceeding 36 months.
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Allows these authorities to provide grants to schools or social service organizations for career and technical programs that benefit the local workforce.
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Permits grants for vocational and substance abuse rehabilitation programs serving individuals convicted of misdemeanors or low-level felonies.
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Applies to excess tax increment financing revenues available after debt service and other required obligations are paid.
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Effective July 1, 2017.
Legislative Description
Use of tax increment financing revenues. Authorizes redevelopment commissions, redevelopment authorities, and military base reuse authorities to use excess tax increment financing revenues to do the following: (1) Provide loans to governmental entities for operational expenses. (2) Provide grants to schools or social service organizations for career and technical programs that would benefit the local workforce and for vocational and substance abuse rehabilitation for individuals who have been convicted of misdemeanors or low level felonies. Makes technical corrections.
Last Action
First reading: referred to Committee on Government and Regulatory Reform
1/23/2017