Amends and adds to existing law to provide for the dissolution of urban renewal agencies and termination of urban renewal revenue allocation areas and to allow fire protection districts and ambulance service districts to opt out of certain urban renewal financing provisions.
URBAN RENEWAL -- Amends and adds to existing law to provide for the dissolution of urban renewal agencies and termination of urban renewal revenue allocation areas and to allow fire protection districts and ambulance service districts to opt out of certain urban renewal financing provisions.
FISCAL NOTE
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This legislation does not, in and of itself, increase or decrease any public revenues or expenditures, so there is no fiscal impact in these regards. If fire protection districts and ambulance service districts do not choose to opt in to future urban renewal agencies, or opt out of older, debt-free ones, the amount of potential future debt that certain urban renewal agencies could take on would be reduced slightly.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Feb 17, 2025
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