S472 - Local Incentives for Historic Rehabilitation (SL 2015-277)

Overview: S.L. 2015-277 authorizes cities and counties to make grants or loans for the rehabilitation of commercial or noncommercial historic structures, whether the structure is publicly or privately owned. The act also clarifies the language which authorizes cities and counties to make appropriations for economic development purposes, including requiring all appropriations have public hearings, comply with the Local Government Budget and Fiscal Control Act, and be reported in the annual financial report.

This act became effective October 20, 2015.