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OH HB358
Bill
Status
Introduced
11/20/2013
Primary Sponsor
Kirk Schuring
Click for details
AI Summary
- Imposes a 90-day moratorium on townships and municipal corporations approving new joint economic development zone contracts under Ohio Revised Code sections 718.69 and 718.691
- Prohibits amendments to existing joint economic development contracts for any purpose other than revising contract duration during the 90-day period
- Applies moratorium to joint economic development district contracts under Ohio Revised Code sections 718.72 to 718.81
- Exempts joint economic development district contracts approved or amended under Ohio Revised Code sections 718.70 or 718.71 from the moratorium
- Declares the act an emergency measure effective immediately to prevent unfair and burdensome taxes while the General Assembly considers reform legislation
Legislative Description
To impose a 90-day moratorium on the authority of townships and municipal corporations to approve new joint economic development zone contracts and new joint economic development district contracts devised under the nonrestricted procedures and on the authority to amend existing contracts for any purpose other than to revise the contract's duration, and to declare an emergency.
Moratorium-joint economic development zones & districts
Last Action
To State and Local Government
11/20/2013
Full Bill Text
No bill text available