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House Bill 1240


 

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House Bill 1240

ARCHIVE (2013)

Latest Information

 
DIGEST OF INTRODUCED BILL

Use of TIF proceeds for public safety. Provides that a redevelopment commission outside Marion County may use tax increment finance (TIF) proceeds to pay expenses related to public safety or to make transfers of revenue to assist a county or municipality in paying such expenses, if the redevelopment commission by resolution makes a determination that paying the expenses or transferring the revenue will enhance economic development opportunities.
Current Status:
 In Committee - first House
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