S.B. 08-46 Regional transportation district - compensation of directors. Increases the annual compensation for members of the board of directors of the regional transportation district elected or appointed to the board at the 2008 general election or any general election thereafter to $12,000.
APPROVED by Governor April 3, 2008
EFFECTIVE August 5, 2008
NOTE: This act was passed without a safety clause. For further explanation concerning the effective date,
see page vi of this digest.
H.B. 08-1354 Regional transportation district - private activity and exempt facility bonds - authorization. Authorizes the regional transportation district (district) to issue private activity and exempt facility bonds as authorized by federal law. Specifies requirements relating to the issuance and repayment of bonds and the use of bond proceeds. Specifies that the only sources of repayment for bonds are revenues or property of, or credit enhancement obtained by, the private business on whose behalf they are issued and that bonds therefore do not create any district indebtedness or multiple-fiscal year obligation.
Authorizes public entities to make direct or indirect loans or grants to a private business developing or operating a mass transportation system project financed with private activity or exempt facility bonds issued by the district, and specifies that an indirect loan or grant passed through the district to a private business shall not be considered revenues of the district. Exempts the provision of mass transportation services by private operators under contract to and operating within the district from regulation by the public utilities commission.
APPROVED by Governor May 22, 2008
EFFECTIVE August 5, 2008
NOTE: This act was passed without a safety clause. For further explanation concerning the effective date,
see page vi of this digest.
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