ID H0571

Requires urban renewal agencies to include a statement describing the base assessment roll value of the revenue allocation area and total assessed valuation of all taxable property within the municipality in their plans.

Maintains existing plan requirements including kind, number, and location of proposed public works; economic feasibility study; estimated project costs; fiscal impact statement; financing methods; and termination date provisions.

Adds requirement that revenue allocation area plans be approved by resolution by a majority of all taxing districts whose geographical boundaries overlap the revenue allocation area boundaries.

Clarifies that agencies may retain assets or revenues generated from assets upon termination if the agency has resources other than revenue allocation funds to operate and manage such assets.