Resolution would let Chapter 100 properties factor into school bonding valuations
Representative Bill Faulkner introduced HJR 171 to allow property owned under Chapter 100 bond arrangements to be included in school districts' valuation for bonding capacity and proposed an amendment to extend the treatment to other government entities; a committee member cautioned it could extend credit without tax revenue to pay bonds.
The full story
Representative Bill Faulkner (10th District) said House Joint Resolution 171 would permit properties held under Chapter 100 bond programs to be included in the valuation that counts toward school districts' bonding capacity. "So it allows, school districts to be able to, maybe, borrow more money against their bonding," Faulkner said.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in