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Senate committee clears bill letting host cities and counties use casino revenue to back local bonds
Summary
A Senate committee advanced a bill that lets municipalities use their share of casino gaming revenues to back local bond issues for public projects such as broadband and other infrastructure; the measure passed the committee by voice vote.
Senate Bill 471, presented to the City, County & Local Affairs Committee, would allow cities and counties receiving casino gaming revenue to pledge those receipts as security for locally issued bonds. The sponsor described it as "a a pretty simple bill. It just carves out, and allows cities that, and counties that receive gaming revenue to bond…
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