This week, the Senate Tourism committee took up SB 218, introduced by Sen. Hansen (R – Hart). This bill would allow TIF dollars collected from a Water Resource Improvement Tax Increment Finance Authority to be used for the dredging of harbors. It also allows chemical treatment for aquatic nuisance control as an eligible activity for financing.
A similar but not identical bill, HB 4179, has been introduced in the House as well. The League is supportive of both pieces of legislation.
Nikki Brown is a legislative associate for the League handling economic development and land use issues. She can be reached at email@example.com or 517-908-0305.