Did not become law. It stopped in the House of Representatives's Land Use Committee on June 29, 2009. The 2009 session has ended.
2009 Regular Session
House Bill 3250
Authorizes municipalities to enter into agreements with property developers under which municipally owned property is conveyed at below market value or at no cost to developer, developed to highest and best use by developer and municipal property taxes raised on incremental increase in value are directed by terms of agreement to economic development purposes, development of subsequent underdeveloped property or repayment of debt associated with participating property.
What it does
The synopsis the Legislative Assembly published with the bill.
Authorizes municipalities to enter into agreements with property developers under which municipally owned property is conveyed at below market value or at no cost to developer, developed to highest and best use by developer and municipal property taxes raised on incremental increase in value are directed by terms of agreement to economic development purposes, development of subsequent underdeveloped property or repayment of debt associated with participating property. Allows other taxing districts that share territory with municipality to elect to have their property taxes on incremental increase in value be directed as prescribed by agreement between municipality and property developer. Takes effect on 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
March 11 to June 29, 2009, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 3 days
In the House of RepresentativesMar 11 to Jun 29 · stopped110 days
Waiting for a committeeMar 11 to Mar 187 days
Land UseMar 18 to Jun 29 · stopped103 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Mar 11 – Jun 29
- Mar 11Introduced
- Mar 18Sent to Land Use
- Jun 29Died when the session ended