Loading chat...
MS HB1306
Bill
Status
1/31/2017
Primary Sponsor
Greg Snowden
Click for details
AI Summary
-
Authorizes economic development districts to assess fees and assessments agreed to by contract with industry and business prospects to fund district operations and construction.
-
Expands the authority of economic development districts to utilize property for "business development purposes" in addition to industrial development purposes.
-
Allows district trustees to approve fees and assessments by majority vote to support district operations and development activities.
-
Clarifies that fees, assessments, and other funds collected by districts are placed in the county treasury and audited as public funds.
-
Effective date: July 1, 2017.
Legislative Description
Economic development districts; authorize to assess certain fees/assessments to industry and business prospects for district operations/construction.
Last Action
Died In Committee
1/31/2017