| Section 1. No township or municipal corporation may approve a | 9 |
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new joint economic development zone contract under section 718.69 | 10 |
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or 718.691 of the Revised Code or a new joint economic development | 11 |
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district contract under sections 718.72 to 718.81 of the Revised | 12 |
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Code in the 90 days following the effective date of this section. | 13 |
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No township or municipal corporation may amend any of the | 14 |
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foregoing contracts for any purpose other than to revise the | 15 |
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duration of the contract in the 90 days following the effective | 16 |
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date of this section. For the purposes of this section, a contract | 17 |
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is approved or amended when the board of township trustees of a | 18 |
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township or the legislative authority of a municipal corporation | 19 |
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enacts an ordinance or resolution approving or amending the | 20 |
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contract. | 21 |
| Section 2. This act is hereby declared to be an emergency | 25 |
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measure necessary for the immediate preservation of the public | 26 |
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peace, health, and safety. The reason for such necessity is to | 27 |
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prevent the imposition of unfair and unduly burdensome taxes by | 28 |
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local governments while the General Assembly considers legislation | 29 |
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reforming the laws governing joint economic development zones and | 30 |
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joint economic development districts. Therefore, this act shall go | 31 |
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into immediate effect. | 32 |