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ID H0490
Bill
Status
2/11/2014
Primary Sponsor
Local Government Committee
Click for details
AI Summary
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Requires voter approval by majority of qualified municipal electors for urban renewal agency expenditures on projects exceeding $1,000,000 where the agency contributes 51% or more of total project costs and the project involves construction of a city hall, library, or municipal administrative office building that will not be subject to property taxation, effective July 1, 2014
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Applies the same election requirement to competitively disadvantaged border community areas under Chapter 29, Title 50, Idaho Code
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Excludes public parking structures from the election requirement
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Requires project cost calculations for mixed-scope projects to include only costs related to the city hall, library, or administrative office building portion
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Elections must be conducted in accordance with Chapter 1, Title 34, Idaho Code
Legislative Description
Adds to existing law to provide that an election shall be necessary on certain projects for urban renewal and economic development projects and to define terms.
URBAN RENEWAL
Last Action
Reported Printed and Referred to Local Government
2/12/2014