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Introduced House Bill (H)

Authored by

DIGEST

Redevelopment. Provides that a redevelopment commission may issue bonds or enter into leases with a term of up to 75 years to finance a project that includes, as part of the project, the use and repurposing of two or more buildings and structures that are: (1) at least 75 years old; and (2) located at a site at which manufacturing previously occurred over a period of at least 100 years. Specifies that in the case of an allocation area that is established after June 30, 2018, for such a project, the expiration date of the allocation provision may not be Redevelopment. Provides that a redevelopment commission may issue bonds or enter into leases with a term of up to 75 years to finance a project that includes, as part of the project, the use and repurposing of two or more buildings and structures that are: (1) at least 75 years old; and (2) located at a site at which manufacturing previously occurred over a period of at least 100 years. Specifies that in the case of an allocation area that is established after June 30, 2018, for such a project, the expiration date of the allocation provision may not be more than 75 years after the date on which the allocation provision is established. Makes technical corrections. ... View more