SB205 Amended, No Longer Threatens RDA

SB205 has passed the Senate today with amendments that clarify that RDA runds can’t be used to pay the debt service of a bond created by an interlocal agreement. The intent is that cities will not be able to funnel RDA money to pay off any existing bonds from UTOPIA. The amended bill text is available on the Legislature website (see lines 651-653b). As long as the bill doesn’t see any further modification in the House, I think Centerville and other cities who want to build fiber optic infrastructure with RDA money will be safe.

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