TO: | Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | SB2266 by Miles (Relating to the creation of the Stadium Park Management District; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.), As Introduced |
The bill would amend the Special District Local Laws Code. The district would have authority to engage in economic development activities by adding the Stadium Park Management District. The district would have authority to impose and collect assessments. The district would have authority to impose an ad valorem tax on all taxable property and impose a sales and use tax. The district would have authority to issue bonds and other obligations.
The bill would take effect immediately if the bill receives a two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017.
Source Agencies: |
LBB Staff: | UP, JGA, GG, BM
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