Legislation - SB0409

Title: Economic Development - County or Municipal Corporation Economic Development Authority - Powers and Use of Proceeds
Sponsored by: Senator King
Status: In the House - Hearing 3/20 at 1:00 p.m. (Ways and Means)
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Expanding the acceptable names authorized for an economic development authority established by a county or municipal corporation; expanding the powers of an authority, subject to limitations in the articles of incorporation of the authority and resolutions of the legislative body of a county or municipal corporation; providing that certain actions require prior approval of the legislative body of a county or municipal corporation under certain circumstances; expanding the authorized uses of tax increment proceeds; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media; Environment and Transportation

Committee Testimony

Witness List

Details

Cross-filed with: HB0097

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/20/2025 Legislative Date 1/20/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Economic Development - County or Municipal Corporation Economic Development Authority - Powers and Use of Proceeds Proceedings
Chamber Senate Calendar Date 1/21/2025 Legislative Date 1/21/2025 Action Hearing 2/05 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 1/30/2025 Legislative Date 1/30/2025 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/30/2025 Legislative Date 1/30/2025 Action Hearing 2/05 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/12/2025 Legislative Date 3/12/2025 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/12/2025 Legislative Date 2/22/2025 Action Favorable with Amendments {763622/1 Adopted Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/12/2025 Legislative Date 2/22/2025 Action Second Reading Passed with Amendments Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Economic Development - County or Municipal Corporation Economic Development Authority - Powers and Use of Proceeds Proceedings
Chamber Senate Calendar Date 3/12/2025 Legislative Date 2/23/2025 Action Third Reading Passed (47-0) Proceedings 43 Click to view Recorded Media
Chamber House Calendar Date 3/13/2025 Legislative Date 3/02/2025 Action Referred Ways and Means Environment and Transportation Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 3/13/2025 Legislative Date 3/13/2025 Action Hearing 3/20 at 1:00 p.m. (Ways and Means) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/20/2025	1/20/2025	First Reading Budget and Taxation
			Text - First - Economic Development - County or Municipal Corporation Economic Development Authority - Powers and Use of Proceeds
Senate	1/21/2025	1/21/2025	Hearing 2/05 at 1:00 p.m.
Senate	1/30/2025	1/30/2025	Hearing canceled
Senate	1/30/2025	1/30/2025	Hearing 2/05 at 2:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/12/2025	3/12/2025	Favorable with Amendments Report by Budget and Taxation
Senate	3/12/2025	2/22/2025	Favorable with Amendments {763622/1 Adopted	42 Click to view Recorded Media
Senate	3/12/2025	2/22/2025	Second Reading Passed with Amendments	42 Click to view Recorded Media
			Text - Third - Economic Development - County or Municipal Corporation Economic Development Authority - Powers and Use of Proceeds
Senate	3/12/2025	2/23/2025	Third Reading Passed (47-0)	43 Click to view Recorded Media
House	3/13/2025	3/02/2025	Referred Ways and Means Environment and Transportation	42 Click to view Recorded Media
House	3/13/2025	3/13/2025	Hearing 3/20 at 1:00 p.m. (Ways and Means)

File Code

Subjects

Statutes