SB 2700

Abstract

Amends the Local Mass Transit District Act. Provides that the board of trustees of any local mass transit district may: (1) initiate transit-oriented developments and trail-oriented developments; (2) partner with public bodies, private entities, non-profit organizations, or institutions for the purpose of these developments; (3) acquire real property or facilities for the purpose of these developments; (4) own, maintain, design, construct, reconstruct, improve, repair, operate, or lease any facilities for the purpose of these developments; (5) use funds and property of these districts for the purpose of these developments; and (6) borrow money, issue bonds, apply for grants, and enter into lease agreements or intergovernmental agreements for the purpose of these developments.