1. Testimony of Interim Commerce Secretary Robert North on Senate Bill 434
- Author
-
North, Robert E. and North, Robert E.
- Subjects
- Municipal bonds Appropriations and expenditures Law and legislation Kansas., Industrial development bonds Appropriations and expenditures Law and legislation Kansas., Economic development projects Appropriations and expenditures Law and legislation Kansas., Rural development projects Appropriations and expenditures Law and legislation Kansas., Entertainment events Finance Law and legislation Kansas., Recreation Finance Law and legislation Kansas., Tourism Finance Law and legislation Kansas., Tourism and city planning Finance Law and legislation Kansas., Rural development projects Finance Law and legislation Kansas., Economic development projects Finance Law and legislation Kansas., Economic development projects Finance Law and legislation., Economic policy., Kansas Economic policy., Kansas Politique économique., Kansas.
- Abstract
"I would like to offer comments on STAR Bonds and Senate Bill 434. ... The language modifies and limits the definition of"project costs" to those costs necessary to implement the tourist attraction component of a project. ... Bill adds a prohibition against using STAR Bonds to pay for ingress and egress roads to the tourist attraction. ... Places significant restrictions on the types of retail in a District. ... Caps the state's investment in a STAR Bond project dependent on the amount of local investment. ... The impact of all of these proposed changes could be significant as many of the pending projects listed above are nearing completion. ... In order to clarify legislative intent, it is suggested the references to the term "approved" be fully defined and clarify if the language is applicable to existing projects."
- Published
- 2018