Payment Of Certain Irb Special Assessments

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Plain-English Summary

This bill clarifies that property owners or lessees who hold industrial revenue bond leases are responsible for paying special assessments under the Improvement Special Assessment Act. It specifies that if a property is under an industrial revenue bond lease, the lessee, not the local government, must pay the special assessment. The bill also states that counties and municipalities are not liable for the debt of property owners or special assessment financing.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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