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HOUSE BILL 489


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H0489  by REVENUE AND TAXATION COMMITTEE

LOCAL IMPROVEMENT DISTRICTS - Amends existing law to provide when a local improvement district is created by resolution of the city council that no bonds, registered warrants or interim warrants in an amount of $250,000 or more may be issued unless such issuance is approved, either by not less than sixty percent or more of the resident owners of taxable property within the district or two-thirds of the owners of taxable property subject to assessment within such local improvement district voting on the question at an election called for that purpose.

  02/08 House intro - 1st rdg - to printing 
  02/09 Rpt prt - to Rev/Tax