House Bill 572 Summary

• Allows urban renewal agency boards to be elected at elections held on November dates, with commissioners subject to city or county election law provisions, in addition to existing appointment options.

• Requires urban renewal agency commissioners to be residents of the county where the agency is located or does business.

• Establishes a central registry with the State Tax Commission for reporting urban renewal plans and financial information, with penalties for noncompliance including excess revenue distribution to taxing districts and withholding of sales tax distributions.

• Creates new rules for "base assessment roll" modifications when urban renewal plans are amended, with exceptions for technical changes, boundary extensions, de-annexations, and existing project growth.

• Requires voter approval by 60% of municipality electors before urban renewal agencies can expend revenue on municipal buildings (administrative buildings, courthouses, jails, libraries, schools) when such revenue constitutes 51% or more of total project costs.