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Senate Bill 0548


Senate Bill 0548

ARCHIVE (2009)

Latest Information

 

DIGEST OF INTRODUCED BILL


State payment of certain local borrowing costs. Provides for the reimbursement by the state of borrowing costs of a taxing unit in a county if: (1) the department of local government finance ordered a reassessment of real property for the assessment date in 2006; (2) the billing of property taxes in the county in 2007 was late; and (3) as a result, the taxing unit had to borrow for current operations. Appropriates money from the state general fund to pay claims for reimbursement.
    Current Status:
     In Committee - first House
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