Committee approves optional developer-backed TIF structure amid lien and liability questions
Senate Bill 18 58, allowing developers to borrow against projected TIF revenues instead of municipalities borrowing, passed the committee 7–4 after an amendment requiring recording of lien priority. Sponsors said the option could enable projects in smaller communities; members pressed for stronger language to protect taxpayers.
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Senator Fricks presented Senate Bill 18 58 to give local governments an optional tool: a TIF arrangement that allows developers, with municipal approval, to borrow against projected tax-increment revenues rather than the city or county borrowing directly.
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