Text: HF02176 Text: HF02178 Text: HF02100 - HF02199 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. If 1 8 an urban renewal plan for an urban renewal area is based upon 1 9 a finding that the area is an economic development area and 1 10 that no part contains slum or blighted conditions, then the 1 11 division of revenue provided in section 403.19 and stated in 1 12 the plan shall be limited to twenty years from the calendar 1 13 year following the calendar year in which the city first 1 14 certifies to the county auditor the amount of any loans, 1 15 advances, indebtedness, or bonds which qualify for payment 1 16 from the division of revenue provided in section 403.19. Such 1 17 designated areadesignated before July 1, 1994,shall not 1 18 include land which is part of a century farm, unless the owner 1 19 of the century farm agrees to include the century farm in the 1 20 urban renewal area. For the purposes of this subsection, 1 21 "century farm" means a farm in which at least forty acres of 1 22 such farm has been held in continuous ownership by the same 1 23 family for one hundred years or more. 1 24 Sec. 2. APPLICABILITY. Notwithstanding 1994 Iowa Acts, 1 25 chapter 1182, section 15, this Act applies to economic 1 26 development areas designated before, on, or after the 1 27 effective date of this Act. 1 28 EXPLANATION 1 29 This bill provides that areas designated as economic 1 30 development areas for purposes of urban renewal shall not 1 31 contain land which is part of a century farm unless the owner 1 32 of the century farm agrees to include the century farm in the 1 33 urban renewal area. The bill applies to economic development 1 34 areas designated before, on, or after the effective date of 1 35 this bill. 2 1 LSB 2565HZ 76 2 2 sc/cf/24
Text: HF02176 Text: HF02178 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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