Did not become law. It stopped in the Senate's Finance Committee on January 30, 2018. The 2018 session has ended.
2018 Regular Session
Senate Bill 2702
Three Rivers PDD; school district may pledge portion of certain ad valorem tax increase to reimburse cost of certain projects.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AUTHORIZE THE BOARD OF TRUSTEES OF SCHOOL DISTRICTS LOCATED IN THE COUNTIES THAT COMPRISE THE THREE RIVERS PLANNING AND DEVELOPMENT DISTRICT TO PLEDGE A PORTION OF THE NEW AD VALOREM TAX REVENUE FROM ANY INCREASE IN THE ASSESSED VALUE OF PROPERTY AS A RESULT OF A NEW ENTERPRISE THAT IS GRANTED AN AD VALOREM TAX EXEMPTION UNDER SECTION 27-31-101; TO PROVIDE THAT THE PURPOSE OF THE PLEDGE SHALL BE TO REIMBURSE LOCAL GOVERNMENTS FOR COSTS RELATED TO THE LOCATION OF A NEW ENTERPRISE; TO PROVIDE THAT THE BOARD OF TRUSTEES OF THE SCHOOL DISTRICT MAY PLEDGE NOT MORE THAN 40% OF THE ANNUAL INCREASE IN AD VALOREM TAX REVENUE THAT IT RECEIVES AS A RESULT OF ANY INCREASE IN THE ASSESSED VALUE; TO PROVIDE THAT THE PLEDGE OF REVENUE SHALL BE EFFECTIVE UNTIL THE LOCAL GOVERNMENTS ARE FULLY REIMBURSED FOR THE APPROVED COST OF THE PROJECT BUT IN NO EVENT LONGER THAN THE DURATION OF THE TAX EXEMPTION FOR THE NEW ENTERPRISE; TO PROVIDE THAT THE PLEDGE SHALL BE IRREVOCABLE; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
January 15 to January 30, 2018, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateJan 15 to Jan 30 · stopped15 days
FinanceJan 15 to Jan 30 · stopped15 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.