HB 1377-S - DIGEST |
(DIGEST OF PROPOSED 1ST SUBSTITUTE) |
Authorizes at least two legislative authorities, one or more of which previously created a public facilities district or districts under section 1(1)(b) or (c) of the act, to create an additional public facilities district notwithstanding the fact that one or more of those towns or cities, with or without a county or counties, previously have created one or more public facilities districts within the geographic boundaries of the additional public facilities district. |
Authorizes the new public facilities district, in the agreement providing for its creation and operation, to provide that the district must be governed by a board of directors appointed under section 1 (3)(b) or (c) of the act, or by a board of directors of not more than nine members who are also members of the legislative authorities that created the public facilities district or of the governing boards of the public facilities district or districts, or both, previously created by those legislative authorities. |
Prohibits a public facilities district formed under section 1 (1)(e) of the act from imposing a sales and use tax authorized in section 3 (2) of the act at a rate that exceeds two-tenths of one percent minus the rate of the highest tax authorized by section 3 (2) of the act that is imposed by any other public facilities district within its boundaries. |