Authorizes local governments and nonprofit organizations to utilize certain constitutionally dedicated CBT revenues for administrative expenses.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows local governments and certain nonprofit organizations to use a portion of their constitutionally dedicated CBT revenues to cover administrative expenses when acquiring or developing land for recreation and conservation purposes. It adjusts grant amounts for open space referendums and clarifies rules for grants to qualifying tax-exempt nonprofits. The bill also addresses administrative costs associated with these acquisitions and development projects, capping them at three percent of the total cost.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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