SB 370 IN Passed One Chamber
Community infrastructure improvement districts.
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Summary
Creates a procedure to establish a community infrastructure improvement district (district). Specifies that the procedure added by the bill allowing for the establishment of a district does not authorize the unit to establish a district that overlaps with an economic improvement district. Requires a petition for the establishment of a district to include a rate and methodology report. Specifies the contents of the report. Specifies the basis upon which benefits accruing to parcels of real property within a district may be apportioned among those parcels. Requires a determination that the aggregate assessments within a district do not exceed 30% of the projected assessed value of property within the district before a legislative body may adopt an ordinance to establish a district. Requires a community infrastructure improvement board (board) to assist the county treasurer in order to make certain specified determinations and designations regarding annual assessments within a district. Adds specific provisions that apply to the board's issuance of revenue bonds.
Sponsors (4)
- Brian Buchanan Republican · author
- Scott Baldwin Republican · author
- Justin Busch Republican · author
- Matt Lehman Republican · sponsor
5 coauthors / cosponsors
- Timothy Lanane · coauthor
- Lonnie Randolph Democratic · coauthor
- Linda Rogers Republican · coauthor
- Jeff Raatz Republican · coauthor
- Gregory Steuerwald Republican · cosponsor
Action history (13)
- Jan 11, 2022 Authored by Senators Buchanan, Baldwin, Busch · upper
- Jan 11, 2022 First reading: referred to Committee on Tax and Fiscal Policy · upper
- Jan 25, 2022 Committee report: amend do pass, adopted · upper
- Jan 25, 2022 Senator Lanane added as coauthor · upper
- Jan 25, 2022 Senator Randolph added as coauthor · upper
- Jan 31, 2022 Senators Rogers and Raatz added as coauthors · upper
- Jan 31, 2022 Amendment #1 (Buchanan) prevailed; voice vote · upper
- Jan 31, 2022 Second reading: amended, ordered engrossed · upper
- Feb 1, 2022 Third reading: passed; Roll Call 183: yeas 49, nays 0 · upper
- Feb 1, 2022 House sponsor: Representative Lehman · upper
- Feb 1, 2022 Cosponsor: Representative Steuerwald · upper
- Feb 2, 2022 Referred to the House · upper
- Feb 8, 2022 First reading: referred to Committee on Ways and Means · lower
Text versions (3)
Full text
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