MT SB3

Local governments adopting tax increment financing (TIF) provisions must appoint an advisory committee to advise on administration of urban renewal areas or targeted economic development districts

Advisory committees must include at least one representative from each incorporated city/town, county, and school district with overlapping boundaries; may also include representatives from other affected taxing bodies

Urban renewal agency boards must now include one representative from the county or consolidated city-county government and one representative from overlapping school districts, in addition to the existing minimum of five commissioners

Urban renewal areas administered by an urban renewal agency created under section 7-15-4232(2) are exempt from the advisory committee requirement

Existing urban renewal agencies with five commissioners must add county and school district representatives as vacancies occur or at the next appointment