Requires municipalities comprised within regional school districts to share certain payments received in lieu of taxes with counties and regional school districts.

Summary

The bill obligates municipalities that are members of regional school districts to forward a portion of the payments they receive in lieu of property taxes to the county and the regional school district. It sets the share as a percentage of the project's gross revenue and allows a small administrative fee. The goal is to ensure that counties and school districts receive funding that would otherwise be lost through tax exemptions.

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