Authorizes special rules for the city of Marshall regarding the use of tax increment financing.
The bill allows the city of Marshall to spend, loan, or invest tax increment financing proceeds from certain districts until December 31, 2027, provided the use is detailed in the city's spending plan. Any unspent increment must be returned to the district, including proceeds, principal, interest, and other repayments. This provision applies to increment collected from TIF District No. 1-1, TIF District No. 1-7, or TIF District No. 2-1.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.