LD 858
pg. 13
Page 12 of 13 An Act To Establish a Municipal Affordable Housing Development District Tax Inc... LD 858 Title Page
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LR 787
Item 1

 
For the purposes of this subchapter, a county may act as a
municipality for the unorganized territory within the county
and may designate affordable housing development districts
within the unorganized territory. When a county acts under
this section, the county commissioners act as the municipality
and as the municipal legislative body, the State Tax Assessor
acts as the municipal assessor and the unorganized territory
fund receives the funds designated for the municipal general
fund.

 
SUMMARY

 
This bill creates a separate tax increment financing law for
affordable housing development districts.


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