Enrolled Bill Summary

House Bill 2628 amends the Cultural Education Facilities Finance Corporation Act to provide that a cultural educational facilities finance corporation has the same powers, authority, and rights with respect to cultural and health facilities as a health facilities development corporation and as a nonprofit corporation or authority with respect to educational and housing facilities. The bill provides that the authority of a cultural educational facilities finance corporation may be exercised inside or outside the limits of the city that created the corporation if the city is located in a county with a population of more than 400,000 or inside or outside the limits of the county that created the corporation if the county has a population of more than 400,000.