|
ARIZONA HOUSE OF REPRESENTATIVESFifty-sixth Legislature First Regular Session |
House: COM DP 10-0-0-0 | 3rd Read 60-0-0-0Senate: APPROP 9-0-1-0 | 3rd Read 21-9-0-0 Final Pass 38-20-2-0 |
HB 2809: public infrastructure improvements; reimbursement
Sponsor: Representative Carbone, LD 25
Transmitted to the Governor
Overview
Increases the aggregate cap paid to a city, town or county for public infrastructure improvements for the benefit of manufacturing facilities from $100,000,000 to $200,000,000.
History
Current law provides that a city, town or county may be paid up to 80% of the cost of public infrastructure improvements for the benefit of a manufacturing facility and that the funds distributed are from tax revenues received from persons conducting business under the Prime Contracting Classification derived from contracts to construct buildings and associated improvements for the benefit of a manufacturing facility. Additionally, the total amount paid to all cities, towns and counties shall not exceed $100,000,000. (A.R.S. § 42-5032.02)
Provisions
1. Increases the aggregate cap paid to a city, town or county for public infrastructure improvements for the benefit of manufacturing facilities from $100,000,000 to $200,000,000. (Sec. 1)
2.
Makes technical changes. (Sec. 1)
3.
4.
5. ---------- DOCUMENT FOOTER ---------
6. HB 2809
7. Initials VP/AA Page 0 Transmitted
8.
9. ---------- DOCUMENT FOOTER ---------