Text: HF02020 Text: HF02022 Text: HF02000 - HF02099 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 However, for a municipality with a population of fifteen
1 9 thousand or less, "economic development area" means an area of
1 10 that municipality designated by the local governing body as
1 11 appropriate for commercial and industrial enterprises or
1 12 housing and residential development, including single or
1 13 multifamily housing, for various income levels of the
1 14 population which the local governing body determines may not
1 15 be adequately served. If an urban renewal plan for an urban
1 16 renewal area is based upon a finding that the area is an
1 17 economic development area and that no part contains slum or
1 18 blighted conditions, then the division of revenue provided in
1 19 section 403.19 and stated in the plan shall be limited to
1 20 twenty years from the calendar year following the calendar
1 21 year in which the city first certifies to the county auditor
1 22 the amount of any loans, advances, indebtedness, or bonds
1 23 which qualify for payment from the division of revenue
1 24 provided in section 403.19. Such area designated before July
1 25 1, 1994, shall not include land which is part of a century
1 26 farm.
1 27 Sec. 2. EFFECTIVE DATE. This Act, being deemed of
1 28 immediate importance, takes effect upon enactment.
1 29 EXPLANATION
1 30 This bill allows a municipality with a population of 15,000
1 31 or less to provide housing and residential development for
1 32 various income levels of the population in an urban renewal
1 33 area designated an economic development area if the governing
1 34 body of the municipality determines that there is not adequate
1 35 housing and residential development for that particular income
2 1 level or levels of the population.
2 2 "Municipality" is defined in chapter 403 as a city or
2 3 county of the state.
2 4 The bill takes effect immediately upon enactment.
2 5 LSB 3005YH 76
2 6 sc/jw/5
Text: HF02020 Text: HF02022 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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