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1996 SESSION

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HB 745 Industrial development authorities.

Introduced by: William J. Howell | all patrons    ...    notes | add to my profiles

SUMMARY:

Industrial development authorities. Expands the definition of "facilities" to include roadways which promote access to commercial, industrial or recreational facilities, which are financed by the authority pursuant to a contract with any municipality, which contract shall provide that the roadway shall be owned and maintained by the Department of Transportation or by a municipality. The bill also provides that bonds issued by the authority may be payable from payments received by the authority in connection with its contracts.


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