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Bill Summary Details

Tampa Bay Area Regional Transit Authority (Watch)

SB 1130 (Brandes) dissolves the Tampa Bay Area Regional Transit Authority. The bill requires the Authority to discharge its liabilities and settle and close its activities and affairs. The bill also provides for the distribution of the Authority’s assets or the proceeds of such assets, such that each local general-purpose government represented on the Authority’s board receives a distribution generally in proportion to each entity’s contribution to the acquisition of the assets. (Taggart)