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House Bill 1505

Introduced House Bill (H)

Authored by

Co-Authored by

  • The portrait of Rep. Thomas Saunders
    Rep. Thomas Saunders

    Author

  • The portrait of Rep. Robert Cherry
    Rep. Robert Cherry

    Co-Author

DIGEST

Assessments to repay loans for drain construction. Provides that the drainage board of a county may not impose interest on a drainage assessment for construction or reconstruction if the construction or reconstruction is financed through the issuance of bonds or a construction loan. Specifies accounting procedures for drainage assessment construction or reconstruction loans having a term of fewer than six years. Assessments to repay loans for drain construction. Provides that the drainage board of a county may not impose interest on a drainage assessment for construction or reconstruction if the construction or reconstruction is financed through the issuance of bonds or a construction loan. Specifies accounting procedures for drainage assessment construction or reconstruction loans having a term of fewer than six years.