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ID H0573
Bill
Status
3/10/2014
Primary Sponsor
Ways and Means Committee
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AI Summary
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Urban renewal agencies, revenue allocation areas, and competitively disadvantaged border community areas must obtain voter approval for city hall or library construction projects exceeding $1,000,000 where the collected revenue contributes 51% or more of total project costs, effective July 1, 2014
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Election approval must be by majority of participating qualified electors residing within the municipality's borders and conducted according to Idaho Code Chapter 1, Title 34
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Projects with more than $10,000 in costs incurred prior to July 1, 2014 are exempt from the election requirement
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If a project includes construction of a city hall or library along with other components, only costs related to the building are counted toward the $1,000,000 threshold
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Identical provisions are added to both Chapter 20 (Section 50-2007A) and Chapter 29 (Section 50-2905A) of Title 50, 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; to provide an exception and to define terms.
URBAN RENEWAL
Last Action
Introduced, read first time; referred to: Local Government & Taxation
3/11/2014