2201 AMH HARM MATM 466
HB 2201 - H AMD 536
By Representative Harmsworth
NOT ADOPTED 04/12/2017
On page 2, line 20, after "(4)" insert "Before the authority may use unrestricted tax proceeds to fund the program, the governing board of the authority must submit a proposition to its voters at the next general election for approval of such use of the unrestricted tax proceeds.
Renumber remaining subsections consecutively and correct any internal references accordingly.
EFFECT: Requires the governing board of the regional transit authority to obtain voter approval to use unrestricted tax proceeds to fund the credits under the market value adjustment program.
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