SB15-135 Summary

• Increases maximum commissioners on urban renewal authorities from 11 to 13, with one commissioner optionally appointed by the county board of commissioners to represent county and taxing body interests.

• Requires a pre-submittal meeting at least 45 days before urban renewal plan hearings between the governing body, authority, and county commissioners to review plans and identify potential impacts.

• Mandates repayment of remaining property tax increment funds in the special fund to taxing bodies (other than the municipality) based on their pro rata share of mill levies, excluding non-property tax increment funds.

• Allows a commissioner to be appointed by county board of commissioners when a municipality's governing body designates itself as the authority.

• Requires state agencies to complete a 2015 urban renewal authority tax increment financing data analysis by December 1, 2015, examining positive and negative effects on affected jurisdictions and the state general fund.