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2004 SESSION

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HB 1243 RS&UT; entitles Salem City to revenues gen. by transactions in public facilities to pay for bonds.

Introduced by: H. Morgan Griffith | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Entitlement to certain sales tax revenues. Entitles the City of Salem (described by population) to all sales tax revenues generated by transactions taking place in certain public facilities to pay the cost of bonds issued to pay for such public facilities. Such entitlement shall continue for the lifetime of such bonds, which entitlement shall not exceed 30 years, and all such sales tax revenues shall be applied to repayment of the bonds.


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