Bill

Bill > H0436


ID H0436

ID H0436
Amends and adds to existing law to provide for the dissolution of urban renewal agencies and termination of urban renewal plans and to allow fire protection districts and ambulance service districts to opt out of certain urban renewal financing provisions.


summary

Introduced
03/21/2025
In Committee
04/02/2025
Crossed Over
03/31/2025
Passed
04/04/2025
Dead
Signed/Enacted/Adopted
04/04/2025

Introduced Session

2025 Regular Session

Bill Summary

RELATING TO URBAN RENEWAL; AMENDING SECTION 50-2006, IDAHO CODE, TO RE- VISE A PROVISION REGARDING THE DISSOLUTION OF AN URBAN RENEWAL AGENCY; AMENDING SECTION 50-2903, IDAHO CODE, TO REVISE A DEFINITION, TO ADD A TERM, AND TO MAKE TECHNICAL CORRECTIONS; AMENDING SECTION 50-2903A, IDAHO CODE, TO REVISE A PROVISION REGARDING THE EFFECT OF AN ORDINANCE MODIFYING AN URBAN RENEWAL PLAN; AMENDING SECTION 50-2904, IDAHO CODE, TO REVISE A PROVISION REGARDING THE EXTENSION OF A REVENUE ALLOCATION AREA FINANCING PROVISION; AMENDING SECTION 50-2906, IDAHO CODE, TO RE- VISE PROVISIONS REGARDING A PUBLIC HEARING AND ORDINANCE FOR A PROPOSED REVENUE ALLOCATION AREA; AMENDING SECTION 50-2907, IDAHO CODE, TO PRO- VIDE A CORRECT CODE REFERENCE; AMENDING SECTION 50-2908, IDAHO CODE, TO REVISE PROVISIONS REGARDING THE ALLOCATION OF PROPERTY TAXES

AI Summary

This bill makes several significant changes to urban renewal agency regulations in Idaho, with a focus on providing more flexibility and oversight for local governments and special districts. The key provisions include allowing local governing bodies to dissolve urban renewal agencies through a specific process, adding definitions for manufacturing projects, and giving fire protection and ambulance service districts the ability to opt out of urban renewal revenue allocation areas. Specifically, starting July 1, 2025, these special districts will not be automatically included in urban renewal financing provisions and must provide explicit consent to be part of such areas. The bill also establishes a detailed procedure for districts to withdraw from existing urban renewal areas, including requirements for accounting and resolution adoption. Additionally, the legislation introduces new rules for terminating urban renewal plans, requires urban renewal agencies to submit termination plans when directed by local governing bodies, and makes various technical corrections to existing urban renewal and taxation laws. The bill is designed to provide more local control and transparency in urban renewal financing and project implementation.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Revenue and Taxation Committee (House)

Last Action

Reported Signed by Governor on April 4, 2025 Session Law Chapter 300 Effective: Retroactive to 01/01/2025 (on 04/04/2025)

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