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FL S1242
Bill
AI Summary
- Requires county or municipal governing bodies to declare themselves as the community redevelopment agency (CRA), rather than appointing a separate board of commissioners, with governing body members serving as agency members; five-member governing bodies may appoint two additional agency members
- Existing CRA boards of commissioners as of October 1, 2025, are grandfathered in and not required to change their structure, membership, or bylaws
- Prohibits governing bodies from adopting any modification to a community redevelopment plan that expands the boundaries of the redevelopment area or extends the plan's time certain for completion
- Bars CRAs from using increment revenues to pay for or finance sponsorship of concerts, festivals, holiday events, parades, or similar activities, and removes authorization for funding public areas of major hotels such as meeting rooms and banquet facilities
- CRAs must terminate on the time certain for completing all redevelopment set forth in their charter or as extended by ordinance or resolution before May 1, 2025, and may not extend the maturity date of outstanding bonds beyond that deadline
Legislative Description
Community Redevelopment Agencies
Last Action
Died on Calendar
6/16/2025
Committee Referrals
Rules4/2/2025
Judiciary3/12/2025
Full Bill Text
No bill text available