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House Bill 1393

House Bill 1393

ARCHIVE (2003)

Latest Information

DIGEST OF HB1393 (Updated February 18, 2003 4:54 PM - DI 84)

Cumulative building and equipment funds. Allows any local government unit or fire protection district to use its cumulative building and equipment fund for the purchase of radio equipment. (Current law allows municipalities to use the fund to purchase police radio equipment.) Provides that the cumulative building and equipment fund tax rate may not exceed $0.05 on each $100 of assessed value. (Current law limits the rate at $0.0333.) Allows a local airport authority to make expenditures from a cumulative building fund to facilitate and support commercial intrastate air transportation. Makes conforming changes.
Current Status:
In Committee - 2nd House
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