Sen. Linda Holmes
Filed: 5/10/2017
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1 | AMENDMENT TO SENATE BILL 1415
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2 | AMENDMENT NO. ______. Amend Senate Bill 1415, AS AMENDED, | ||||||
3 | in Sec. 11-74.4-3, by replacing paragraph (7) of subsection (q) | ||||||
4 | with the following:
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5 | "(7) To the extent a the municipality with a population | ||||||
6 | of more than 1,000,000 by written agreement accepts and
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7 | approves
the same, all or a portion of a taxing district's | ||||||
8 | capital costs resulting
from the redevelopment project | ||||||
9 | necessarily incurred or to be incurred within a
taxing | ||||||
10 | district in
furtherance of the objectives of the | ||||||
11 | redevelopment plan and project; | ||||||
12 | (7.1) For taxing districts other than a municipality | ||||||
13 | with a population of more than 1,000,000, all or a portion | ||||||
14 | of a taxing district's capital costs resulting
from the | ||||||
15 | redevelopment project reasonably incurred or to be | ||||||
16 | incurred within a
taxing district as a result of the | ||||||
17 | redevelopment plan and project; ".
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