SB 869 Summary

• Requires municipalities with populations over 60,000 and areas not exceeding 30 square miles to establish community investment boards for each neighborhood, effective October 1, 2021.

• Community investment boards must include residents, business owners, religious leaders, community development corporation representatives, and community group representatives to identify priorities for municipal revenue sharing grants and select payment-in-lieu-of-taxes grants.

• Allocates municipal revenue sharing grants (effective October 1, 2024) as 35% for priorities identified by community investment boards, 35% for priorities identified by the municipal legislative body, and 30% for jointly agreed priorities.

• Directs the Office of Policy and Management to create an Internet website by January 1, 2023 for residents and organizations to submit urban solutions proposals, with monetary awards available for successful pilot programs.

• Establishes a task force (effective July 1, 2021) to study state funding programs utilized by nonprofit providers and compliance requirements, with a report due by January 1, 2022.