2012 House Bill 5558

Authorize DDA borrowing-and-spending for “transit-oriented facilities”

Introduced in the House

April 24, 2012

Introduced by Rep. Jim Townsend (D-26)

To explicitly authorize Downtown Development Authorities to borrow and spend on projects benefiting, and subsidies to, developers of “transit-oriented facilities” and “transit-oriented development.” Money to repay DDA loans is “captured” from a portion of tax revenues that local governments levy to pay for their own operations and services.

Referred to the Committee on Transportation