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.

This legislation amends the laws affecting Urban Renewal Districts (URD) in three ways. First, it provides a process for a city to dissolve a URD and an urban renewal revenue allocation area. Secondly, it allows a fire districtoranambulanceservicedistrictwithinaURDtooptoutofanexistingurbanrenewalrevenueallocation area, provided that there is no existing indebtedness or other financial obligation. A fire district or ambulance servicedistrictwouldalsohavetooptintoanewURD.Finally, thislegislationallowsforaURDtobeextended for a one-owner property of a manufacturing project.