The Senate voted 49-0 to approve Senate Bill 1210, which wouldrewrite the state’s Transit Revitalization Investment District Act to encourage municipalities to begin using the economic development tool. Since its inception in 2004, no so-called TRIDs have been created.
Under Act 238, municipalities and counties can designate one-eighth to a half mile radius around a mass transit stop or station as a TRID. Incremental tax revenues generated by new real estate investment within the TRID can then be used to attract business and residential development either in or near the district.
Lawmakers are being asked to change the law to make TRIDs more flexible, deliver funding from a portion of state taxes that would support grants or low-interest loans, and give local governments the option to dedicate a portion of designated levies to their TRIDs.
El proyecto de ley pasa ahora a la Cámara.
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The Senate unanimously approvedSenate Bill 1356, which would amend the Unfair Practices Act to further simplify affiliate insurance transfers.
Currently, insurers are required to “non-renew” existing policies under one affiliate to transfer the policies to another affiliate. This causes unnecessary confusion and concern for policyholders and is an administratively burdensome process for insurers.
The bill would eliminate this requirement in homeowners insurance and allow insurers to move customers from one affiliate to another without having to go through the non-renewal process.
El proyecto de ley pasa ahora a la Cámara.
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The Senate unanimously approvedSenate Bill 1357, which would amend The Insurance Company Law of 1921 to further simplify affiliate insurance transfers.
Currently, insurers are required to “non-renew” existing policies under one affiliate to transfer the policies to another affiliate. This causes unnecessary confusion and concern for policyholders and is an administratively burdensome process for insurers.
The bill would eliminate this requirement in automobile insurance and allow insurers to move customers from one affiliate to another without having to go through the non-renewal process.
La medida pasa ahora a la Cámara.
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The Senate unanimously approved House Bill 1558, which would amend the state’s Cosmetology Law to allow licensed massage therapists to practice in cosmetology and esthetician salons.
Ranging from being employed directly by the salon to inspection requirements, the measure would establish certain conditions for practicing in the salons.
The bill, which was amended in committee, now returns to the House for consideration.
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The Senate unanimously passed a bill that gives municipalities more flexibility in spending money collected from developers who pay fees rather than provide recreational facilities in their developments. Currently, Section 503 of the Municipalities Planning Code only allows fees developers pay in lieu of providing recreational facilities to be used only for the purpose of providing park or recreational facilities accessible to the development. House Bill 1052 would permit municipalities to use the money for not only for providing, but also operating or simply maintaining park or recreational facilities anywhere within the municipality.
The bill now returns to the House.
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