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2007 SESSION

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HB 2989 Portsmouth Port & Industrial Commission; authority to provide financing by leasing, etc. facilities.

Introduced by: Kenneth R. Melvin | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Portsmouth Port and Industrial Commission.  Authorizes the Portsmouth Port and Industrial Commission to provide financing for facilities for an organization, other than a religious organization, that is exempt from federal income taxation pursuant to § 501(a) of the Internal Revenue Code.  This bill is identical to SB957.

SUMMARY AS PASSED HOUSE:

Portsmouth Port and Industrial Commission. Authorizes the Portsmouth Port and Industrial Commission to provide financing for facilities for an organization, other than a religious organization, that is exempt from federal income taxation pursuant to § 501(c)(3) of the Internal Revenue Code.

SUMMARY AS INTRODUCED:

Portsmouth Port and Industrial Commission.  Grants authority to provide financing by leasing, selling, or making loans for facilities for a 501(c)(3) organization.