BILL · 2009–10 SESSION

HB 2850: Local conserv area financing

Concerning local conservation area financing.

Summary

  • Authorizes qualifying cities to designate local conservation finance areas within their boundaries and finance public improvements through a local conservation area financing process.
  • Authorizes qualifying cities to issue bonds and use certain tax revenues that increase within the local conservation finance areas to finance the public improvements.
  • Prescribes a process for a qualifying city to apply to the Department of Revenue for a state contribution in the form of a sales and use tax credit for financing the public improvements.
  • Sets a state contribution limit of $5 million per year statewide and a limit of $500,000 per project.
  • Establishes requirements pertaining to transfer of development rights programs for jurisdictions that elect to participate in a local conservation area financing process.
  • Establishes numerous administrative, procedural, and reporting requirements.

From the House Bill Analysis 2010 (HB 2850), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 15, 2010
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Scott White (D-46)
Introduced
January 15, 2010 in the House
Last action
March 15, 2010
Companion bill
SB 6602
Budget
Has a fiscal note

AN ACT Relating to local conservation area financing;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Local Government & Housing.

HB 2850 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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