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ID H0095
Bill
AI Summary
House Bill No. 95 - Urban Renewal Amendments
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Urban renewal agencies must receive voter approval in a citywide election before transacting business or exercising powers, with the mayor appointing 3-9 commissioners with staggered terms not exceeding 5 years.
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Commissioners may be removed by majority board vote only after a hearing and 10 days' written notice of charges; vacant positions filled by majority board vote for unexpired terms.
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Planning commission review period for urban renewal plans extended from 30 to 60 days, with local governing body proceeding with hearing if no recommendations received within that timeframe.
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Revenue allocation areas cannot be amended to extend boundaries except through consolidation, and amendments that do not increase geographic area or extend plan years are not prohibited; maximum 24-year duration established for revenue allocation financing provisions with limited extensions allowed for bond maturity or refinancing.
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Bonds may be issued for a maximum period of 20 years effective July 1, 2011, and new section 50-2033 prohibits most boundary extensions of revenue allocation areas.
Legislative Description
Amends existing law relating to urban renewal to provide for an election, to revise provisions relating to establishing a board of commissioners, to provide for composition of a board of commissioners, to provide for board terms, to revise provisions relating to removal of a commissioner, to provide for filling a vacancy and to revise provisions relating to the election of board officers; to revise powers of urban renewal; to revise the comment period; to provide for prohibited amendments; to revise provisions relating to revenue allocation areas and moneys obtained thereto; to provide for a statement describing certain values and to provide that after a certain date bonds may be issued for a maximum period of twenty years.
URBAN RENEWAL
Last Action
Governor signed Session Law Chapter 317 Effective: 01/01/11 Idaho Code section 50-2903(4) only; 07/01/11 All other provisions
4/13/2011