Commission adopts amendment clarifying valuation rules for interlocal project entity properties
The commission unanimously adopted amendments to R8-84-24P-16 to reflect statutory changes (cited in the meeting as 2022 Senate Bill 20), modifying the definition of "sold" and clarifying fair market value treatment for interlocal cooperation project entity property assessments.
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Commissioner Rockwell explained the amendments to R8-84-24P-16 addressing assessment of interlocal cooperation act project entity properties, noting the changes are consistent with statutory revisions from the 2022 General Session and Senate Bill 20.
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