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Session 124 - (2021-2022)Printer Friendly
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S 0587 General Bill, By Turner
Summary: Economic bond for conventions and trade shows
    A BILL TO AMEND SECTION 11-41-75(A) AND (B) OF THE 1976 CODE, RELATING TO ECONOMIC DEVELOPMENT BONDS FOR CONVENTIONS AND TRADE SHOWS, TO PROVIDE THAT THE PROVISIONS REQUIRING THE REIMBURSEMENT OF BOND PROCEEDS, PLUS INTEREST, UPON THE SALE OF A MEETING AND EXHIBIT SPACE ARE NOT APPLICABLE IF THE SALE PROCEEDS ARE USED IN THEIR ENTIRETY FOR A NEW MEETING AND EXHIBIT SPACE OF NOT LESS THAN FIFTY THOUSAND SQUARE FEET, OR TO REIMBURSE A STATE AGENCY, INSTRUMENTALITY, OR POLITICAL SUBDIVISION FOR THE ACQUISITION OR CONSTRUCTION OF A NEW MEETING AND EXHIBIT SPACE OF NOT LESS THAN FIFTY THOUSAND SQUARE FEET IF CONSTRUCTION OCCURRED PRIOR TO THE SALE OF THE ORIGINAL MEETING AND EXHIBIT SPACE, AND TO PROVIDE CONDITIONS UNDER WHICH THE EXEMPTION APPLIES.
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02/23/21Senate Introduced and read first time (Senate Journal-page 2)
02/23/21Senate Referred to Committee on Finance (Senate Journal-page 2)
03/31/21Senate Committee report: Favorable Finance (Senate Journal-page 9)
04/07/21Senate Read second time (Senate Journal-page 54)
04/07/21Senate Roll call Ayes-43 Nays-0 (Senate Journal-page 54)
04/08/21Senate Read third time and sent to House (Senate Journal-page 168)
04/13/21House Introduced and read first time (House Journal-page 9)
04/13/21House Referred to Committee on Ways and Means (House Journal-page 9)
05/04/21House Committee report: Favorable Ways and Means (House Journal-page 74)
05/06/21House Debate adjourned until Tues., 5-11-21



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