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Committee approves bill to align bond language and allow 25-year municipal redevelopment bonds
CITY, COUNTY & LOCAL AFFAIRS COMMITTEE - SENATE · April 6, 2023
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Summary
The Senate City, County & Local Affairs Committee approved a bill to remove inconsistent language tied to amendment 78 and allow redevelopment bonds to be issued with a 25-year lifespan, easing timing constraints on multi-phase projects.
Senator Steve Kroll, representing District 3, told the committee the bill “remove[s] inconsistent language with the amendment 78” and “allows the series to redevelop the bonds and issue for 25 year lifespan.” The bill was presented as a technical cleanup to…
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