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2007 SESSION

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HB 931 Tourism Financing Development Authority; created.

Introduced by: David A. Nutter | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Tourism Financing Development Authority. Allows localities to create a Tourism Financing Development Authority. The authority shall have the power to issue bonds and establish a revolving loan fund or loan guarantee program to help carry out its powers and promote establishment of tourism infrastructure. Certain transient occupancy taxes may also be used for purposes of the authority.

SUMMARY AS INTRODUCED:

Tourism Financing Development Authority. Allows localities to create a Tourism Financing Development Authority. The authority shall have the power to issue bonds and establish a revolving loan fund or loan guarantee program to help carry out its powers and promote establishment of tourism infrastructure.