Amendment sought to replace language in the bill defining the term "economic development"; and set a hard date of seven years that property holders can bring action against a taking authority.

Purpose:

An amendment numbered 5 printed in House Report 109-266 to clarify the property conveyance for the definition of "economic development" specifies that increasing tax revenue must be the "primary purpose" of the taking authority, sets a hard date of seven years that property holders can bring action against the taking authority and makes a number of technical changes.

House Amendment Code:

(A004)

House Tally Clerks use this code to manage amendment information.