Summary of the Introduced Bill

HB 351 -- Industrial Development Corporations

Co-Sponsors:  Quinn, Shoemaker (8), May, Seigfreid, Wright,
Sander, Cunningham (145)

Current law requires that any member of the board of directors of
an industrial development corporation be a registered voter and,
for at least five years, a taxpayer in the county or city.  This
bill makes these requirements optional for industrial development
corporations located wholly within third or fourth classification
counties.  It also lowers the number of years directors must be
resident taxpayers from five years to one year.

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Last Updated July 25, 2003 at 10:11 am