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Senate debates infrastructure finance districts after amendment to require unanimous landowner consent
Summary
The Senate considered amendments to House Bill 13 to refine new infrastructure financing districts that spread project costs among participating landowners; Senator Cullimore said the change safeguards property owners by requiring unanimous consent for extended assessment repayment terms.
Senators debated House Bill 13 on Feb. 12, legislation that would allow property owners to form infrastructure financing districts to fund local public infrastructure when conventional financing is unavailable.
Senator Mike Cullimore, who presented the measure and moved Amendment 4, said the amendment adds a narrow restriction: districts could extend assessment repayment terms only with unanimous consent of landowners in the district. "This…
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