Board Bill Number 87 In Session 2025-2026

Prop NS Agreement

Summary

An Ordinance amending Ordinance Number 70846 to modify the required terms of the cooperation agreement with the Land Reutilization Authority to manage the Prop NS program which uses funds raised through general obligation bonds; adjusting the caps on the amounts of bond proceeds available per property for future bond issuances; and requiring consumer price index adjustments to such caps; including a severability and emergency clause.

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Latest Bill text:

Overview

Session: 2025-2026

Introduced: 10/24/2025

Primary Sponsors: Rasheen Aldridge

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 72087 effective 02/12/2026

Co-Sponsors:

Anne Schweitzer, Shane Cohn, Alisha Sonnier, Michael Browning, Shameem ClarkHubbard, Laura Keys, President Megan E Green, Mayor Cara Spencer

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 10/24/2025

    First Reading

    Bill text was introduced

  • 10/24/2025

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 01/20/2026

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

    The bill text was changed:

  • 01/23/2026

    Second Reading

  • 01/30/2026

    Perfection

    The bill was passed.

  • 02/06/2026

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 02/06/2026

    Third Reading

    The bill was passed.

  • 02/06/2026

    Delivered to Mayor

  • 02/12/2026

    Mayor Returns Bill

    The bill was approved.

  • 02/13/2026

    Delivered to Register

  • 02/18/2026

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 72087. Effective date is 02/12/2026

Votes

02/06/2026 Vote Results

Aye Votes 13
No Votes 1
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 72087

Effective Date: 02/12/2026

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