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1997 SESSION

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SB 1171 Community development authorities.

Introduced by: Richard L. Saslaw | all patrons    ...    notes | add to my profiles

SUMMARY:

Community development authorities. Allows community development authorities to build infrastructure for age-restricted active adult communities with a minimum population approved under local zoning laws of 1,000 residents. Such development may include security facilities and systems or measures which control or restrict access to such community and its improvements. Other amendments (i) provide that any bonds issued by a community development authority shall be a debt of the authority, not the locality and (ii) restrict a locality's ability to retire the bonds of an authority,


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