SB 5366 - DIGEST

Declares that it is the goal of this act to provide financial resources for a limited time to assist local governments in the financing of public infrastructure improvements that are needed to: (1) Encourage private development of selected areas;

 (2) Prevent or arrest the decay of selected areas due to the inability of existing financing methods to provide needed public infrastructure improvements; and

(3) Encourage private investment designed to promote and facilitate the orderly redevelopment of selected areas.