2008 House Bill 6739

Provide exceptions to municipal finance refunding restrictions

Introduced in the House

Nov. 19, 2008

Introduced by Rep. Tim Melton (D-29)

To revise the regulations on “other protected obligations” in the law regulating the finances of tax increment finance authorities (TIFAs), so as to provide an exception to a prohibition on refunding these.

Referred to the Committee on Banking and Financial Services

Dec. 2, 2008

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the House 92 to 15 (details)

Received in the Senate

Dec. 3, 2008

Referred to the Committee on Finance