HB 395/FN/LM (BR 1652) - J. Richards, J. DeCesare
AN ACT relating to local economic development.
Amend KRS 65.680 to extend the termination date for a local development area from 20 years to 30 years under certain conditions.
HB 395 - AMENDMENTS
HCS/FN/LM - Allow the termination date for a local development area to be extended beyond the original 20 year time period if existing bonds are refunded and new increment bonds are issued, for a period not to exceed 20 years from the issuance of the new bonds.
Feb 10-introduced in House
Feb 11-to Appropriations & Revenue (H)
Mar 2-posting waived
Mar 3-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 4-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, March 5, 2009
Mar 5-3rd reading, passed 96-0 with Committee Substitute
Mar 6-received in Senate
Mar 9-to State & Local Government (S)