Authorizing use of voter approved local excess tax levies to pay financing contracts under the local option capital asset lending program and clarifying which "other agencies" may participate in the program.
Summary
Authorizes local governments to use voter-approved excess property tax levies to pay financing contracts under the Office of the State Treasurer's pooled financing program.
From the House Bill Report (SB 6218), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to modifying the local option capital asset lending program to authorize state use of certain voter approved excess tax levies to pay financing contracts and to clarify program participants;