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Bill would let landowners form districts to finance infrastructure; counties’ association supports, Sierra Club and others oppose
Summary
Legislation would let landowners in a defined district finance government‑owned infrastructure with debt issued by the district, with the bonds repaid by property owners in the district rather than by the state or county.
A lengthy bill presented in committee would authorize a new development financing mechanism—referred to in the bill as a WRID/RID—that lets landowners within a defined district finance public infrastructure through bonds repayable by property owners in the district, rather than by the state or general taxing authorities.
The presenter described the structure as a private financing mechanism for government‑owned infrastructure: roads, water and sewer lines, stormwater facilities, conservation areas, schools or…
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