Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State Auditor asks committee to clarify treatment of loans and interest for COVID-era unobligated TIF transfers
Summary
The Office of the State Auditor joined the committee to seek statutory clarification about how "unobligated increment" transferred during COVID-flex authority should be treated when used for loans or investments and whether interest or loan principal must be returned by the statutory deadline.
Senate File 23, carried by Senator Rest and presented Feb. 18 with Office of the State Auditor staff, would clarify what counts as "unobligated increment" transferred under temporary authority during the COVID period and how those funds must be returned by the statutory deadline.
Jason Nord, TIF Division Director at the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
