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Columbus-backed bill narrows employee ban from Tax Allocation District investments
Summary
House Bill 609 seeks to narrow a statutory prohibition so only employees whose job responsibilities relate to redevelopment administration would be barred from investing in projects inside a tax allocation district; members accepted a friendly amendment removing the word 'primary.'
House Bill 609, introduced at the subcommittee by a representative on behalf of Columbus Consolidated Government, would modify eligibility restrictions that currently prohibit all government "employees" from engaging in investments or business activities within tax allocation districts (TADs).
The sponsor said the city passed the request unanimously and that current law is overly broad,…
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