Brick & Mortar Applicable Projects and Limitations/Special Requirements

Applicable Projects

  • City halls
  • Fire stations
  • Police stations
  • Jails
  • Detention centers
  • Public works buildings
  • Municipal courts
Limitations or Special Requirements
 
  • One hundred percent of the value of the property must be financed through this program.
  • Annual debt service on all real property debt cannot exceed 7.5% of a city's previous year's governmental fund revenues.
  • The city must verify that the project has not been included in a failed voter referendum within the past four years.
  • The city must advertise for and hold a public meeting to disclose that the facility is being financed.

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