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House Bill 1606 |
House Author: Thompson |
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Effective: 6-18-05 |
Senate Sponsor: Ellis |
House Bill 1606 amends provisions of the Local Government Code relating to developer participation contracts to increase the cap on a developer's reimbursement from a municipality to a level not to exceed 70 percent, rather than 30 percent, of the costs of certain infrastructure improvements in a municipality with a population of at least 1.8 million. In addition, the bill authorizes such a municipality to participate at a level of up to 100 percent of the total contract price for all required drainage improvements relating to the development and construction of affordable housing.