SB6132 modifies indebtedness limits for select inland port districts to maintain federal funding eligibility.

SB6132 amends existing laws to allow certain inland port districts to contract indebtedness and borrow money for district purposes, including airport capital improvements, without voter authorization. This change aims to ensure these districts remain eligible for federal funding for critical public infrastructure improvements. The bill specifies that the total indebtedness must not exceed one percent of the value of the taxable property in the district.

SB6132 modifies indebtedness limits for select inland port districts to maintain federal funding eligibility.

SB6132 amends existing laws to allow certain inland port districts to contract indebtedness and borrow money for district purposes, including airport capital improvements, without voter authorization. This change aims to ensure these districts remain eligible for federal funding for critical public infrastructure improvements. The bill specifies that the total indebtedness must not exceed one percent of the value of the taxable property in the district.