ID H0578

Adds a new requirement for urban renewal agency plans to include a statement describing the base assessment roll value of the revenue allocation area and total assessed valuation of taxable property within the municipality.

Renumbers existing plan requirements (economic feasibility study, project costs, fiscal impact statement, financing methods, termination date, and asset disposition) from subsections (2) through (8) to subsections (3) through (8).

Allows taxing districts whose boundaries overlap a proposed revenue allocation area to opt out by resolution or written official notice, but only during the proposal period before governing body approval.

Prohibits taxing districts from withdrawing from a revenue allocation area plan after it has been approved by the governing body.