Text: HF00362 Text: HF00364 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 403.17, subsection 9, Code 1995, is 1 2 amended to read as follows: 1 3 9. "Economic development area" means an area of a 1 4 municipality designated by the local governing body as 1 5 appropriate for commercial and industrial enterprises or 1 6 housing and residential development for low and moderate 1 7 income families, including single or multifamily housing, 1 8 provided that the proportion of low and moderate income 1 9 families in the housing is equal to or greater than the 1 10 proportion of low and moderate income residents in the county 1 11 in which the area is located, as determined by the United 1 12 States department of housing and urban development using 1 13 section 8 income guidelines. If an urban renewal plan for an 1 14 urban renewal area is based upon a finding that the area is an 1 15 economic development area and that no part contains slum or 1 16 blighted conditions, then the division of revenue provided in 1 17 section 403.19 and stated in the plan shall be limited to 1 18 twenty years from the calendar year following the calendar 1 19 year in which the city first certifies to the county auditor 1 20 the amount of any loans, advances, indebtedness, or bonds 1 21 which qualify for payment from the division of revenue 1 22 provided in section 403.19. Such area designated before July 1 23 1, 1994, shall not include land which is part of a century 1 24 farm. 1 25 Sec. 2. APPLICABILITY DATE. Section 1 of this Act, 1 26 amending section 403.17, subsection 9, applies to urban 1 27 renewal plans approved or amended on or after July 1, 1995. 1 28 EXPLANATION 1 29 This bill amends Iowa Code section 403.17, subsection 9, to 1 30 change the definition of "economic development area" to 1 31 provide that housing and residential development allowed in 1 32 such areas must have a proportion of low and moderate income 1 33 residents that is at least as great as the proportion for the 1 34 county in which the development is located. 1 35 LSB 2120HV 76 2 1 sc/cf/24
Text: HF00362 Text: HF00364 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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