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Senate Bill 0376


Senate Bill 0376

ARCHIVE (2013)

Latest Information

 

DIGEST OF SB 376 (Updated February 12, 2013 3:21 pm - DI 84)


Gross assessed value limit on annexations. Provides that for annexations adopted after June 30, 2013, a municipality may not annex territory that would result in an increase in the total gross assessed value of the municipality by more than 15% in the ensuing calendar year (as compared to the total gross assessed value of the municipality before the effective date of the annexation ordinance), regardless of whether the increase in assessed value results from one or more than one annexation. Provides that for annexations adopted after June 30, 2013, the effective date of an annexation ordinance may not be more than one year after the date the annexation ordinance is adopted. (Current law provides that the effective date of an annexation ordinance in some annexations may be postponed for not more than three years.)
    Current Status:
     In Committee - 2nd House
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