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Introduced House Bill (H)

Authored by

DIGEST

Park and recreation districts in annexed territory. Provides that the fiscal officer for a park and recreation district (district) containing territory that a municipality annexes or has annexed shall semiannually transfer to the annexing municipality's parks and recreation department (department) one-half of the property tax revenue attributable to property taxes imposed by the district on property that is within the annexed territory and that was annexed after June 1, 1976, and before March 4, 1988. Establishes a schedule for the fiscal officer for the district in the annexed territory to make the semiannual property tax transfers to the annexing municipality's Park and recreation districts in annexed territory. Provides that the fiscal officer for a park and recreation district (district) containing territory that a municipality annexes or has annexed shall semiannually transfer to the annexing municipality's parks and recreation department (department) one-half of the property tax revenue attributable to property taxes imposed by the district on property that is within the annexed territory and that was annexed after June 1, 1976, and before March 4, 1988. Establishes a schedule for the fiscal officer for the district in the annexed territory to make the semiannual property tax transfers to the annexing municipality's department. ... View more