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Committee advances bill letting local commerce authorities issue tax‑exempt bonds for water, sewer projects
Summary
The Senate Local Government and Taxation Committee advanced House Bill 171 after a brief presentation by Representative Clay Handy of District 27.
The Senate Local Government and Taxation Committee advanced House Bill 171 after a brief presentation by Representative Clay Handy of District 27. The bill would allow local commerce or intermodal authorities to market tax‑exempt bonds to finance certain utility services, including water and sewer facilities, but expressly would not permit bonds for the transmission, distribution or production of electricity or for broadband services.
Representative Clay Handy said the bill “is pretty simple” and…
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