Bill > HB1172

This bill: Establishes County Revitalization Authorities (CRAs) to facilitate the revitalization of unincorporated areas of counties that would benefit from additional funding and investment. The bill outlines the procedures for creating a CRA, including public hearings, and grants CRAs various powers such as acquiring property, issuing bonds, and entering into agreements with other public bodies. It also sets forth restrictions on CRAs, such as prohibitions on levying taxes and acquiring agricultural land except in limited circumstances. The bill allows for the use of tax increment financing by CRAs and requires public notice and hearings for any substantial modifications to CRA plans. Additionally, the bill incorporates CRAs into various existing state laws related to eminent domain, school finance, regional tourism projects, and more.

Housing and Urban Affairs

https://leg.colorado.gov/bills/hb24-1172