2009 House Bill 5461 ↩

House Roll Call 489: Passed

To give local governments the power to enter deals with private property owners to spend money on improvements to public infrastructure facilities and amenities, including public transportation facilities. The money would come from “captured” increases in property tax values under a tax increment financing arrangement, special assessments (property taxes levied in a particular section of a taxing jurisdiction, state or federal grants or loans, and more.