2013 House Bill 4487

Authorize DDA debt and spending to promote local agriculture

Introduced in the House

March 21, 2013

Introduced by Rep. Stacy Erwin Oakes (D-95)

To empower Downtown Development Authorities to borrow and spend the loan proceeds on “marketing initiatives," "infrastructure improvements" and more that "promote local agriculture products and farmers markets." The debt incurred by these "tax increment financing" schemes is repaid by "capturing" from other local taxing units the increased property tax revenue that the DDA's subsidies and spending are presumed to generate.

Referred to the Committee on Commerce

Jan. 22, 2014

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Feb. 18, 2014

Passed in the House 81 to 27 (details)

Received in the Senate

Feb. 19, 2014

Referred to the Committee on Economic Development

March 27, 2014

Reported without amendment

With the recommendation that the bill pass.