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DIGEST OF HB1222 (Updated February 1, 2006 10:12 pm - DI 84)
Redevelopment commission housing programs. Permits all redevelopment commissions to establish a housing program and a tax increment funding allocation area for that program. (Current law allows such a program to be established only in Marion County.) Provides that an issue of bonds authorized by a redevelopment commission under the program must be approved by the legislative body of the county or municipality if the total amount of the bonds is at least $1,000,000.
