Bill Status of HB4862 102nd General Assembly
Short Description: FINANCE-BOLD ACT
Rep. Deanne M. Mazzochi
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Better Opportunities for Learning and Development (BOLD) Act. Provides that a governmental unit may establish a property assessed individualized learning opportunity program and create a BOLD area or BOLD areas under the program. Provides that, under the program, the governmental unit may enter into an assessment contract with the record owner of property within a BOLD area to finance or refinance one or more individualized learning opportunities for a resident who owns the property or a child or ward of the resident owner. Sets forth required provisions for the contract with the resident owner. Contains other provisions. Effective immediately.