HB 0351 (Truly Agreed) | Modifies eligibility requirements for members of a board of directors of an industrial development corporation |
HB 351 - This act would make the requirement that members of
the Board of Directors of an industrial development corporation
be registered voters and, for at least five years, taxpayers in
the county or city optional where the corporation is formed by a
municipality located wholly within third or fourth classification
county. It also lowers the number of years directors of such
corporations must be resident taxpayers from five years to one
year.
RICHARD MOORE