Kansas Senate approves tighter rules for bonding program

The Kansas Senate has approved a bill tightening the rules for a program using bonds to help finance economic development projects.

The 34-4 vote Thursday sends the measure to the House. …
The bill imposes new requirements for so-called STAR bonds authorized by the state and paid off with sales tax revenues. Each project would be required to have an independent consulting report and a commitment from private developers to provide more than half of the financing.

(Read more: KSNT News)

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