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Industrial Development Board members discuss state-enabled bond authority and infrastructure districts but take no formal action
Summary
At its Sept. 10 meeting the Industrial Development Board ad hoc committee discussed state‑enabled authority for infrastructure bonds and industrial development districts but took no formal action to adopt or request local opt‑in.
Members of the Industrial Development Board ad hoc committee discussed Sept. 10 recent state legislation that could expand the board’s financing tools, including the ability to issue infrastructure development bonds through locally authorized industrial development districts. Committee members said the board would need Metro Council to opt in before it could exercise that authority locally.
Speakers described two separate, state-enabled financing authorities discussed in the…
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