Text: HF02476 Text: HF02478 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 403.5, Code 2001, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 4A. An urban renewal plan shall not take
1 4 effect until the governing body of each affected taxing entity
1 5 has, by resolution, approved the plan and forwarded the
1 6 resolution to the city clerk or county auditor, as applicable.
1 7 A modification or amendment to an urban renewal plan shall not
1 8 take effect until the governing body of each affected taxing
1 9 entity has, by resolution, approved the modification or
1 10 amendment and forwarded the resolution to the city clerk or
1 11 county auditor, as applicable.
1 12 Sec. 2. Section 403.5, subsection 6, Code 2001, is amended
1 13 to read as follows:
1 14 6. Upon the approval by a municipality and affected taxing
1 15 entities of an urban renewal plan or of any modification
1 16 thereof, such plan or modification shall be deemed to be in
1 17 full force and effect for the respective urban renewal area,
1 18 and the municipality may then cause such plan or modification
1 19 to be carried out in accordance with its terms.
1 20 Sec. 3. EFFECTIVE AND APPLICABILITY DATES. This Act,
1 21 being deemed of immediate importance, takes effect upon
1 22 enactment and applies to urban renewal plans approved by a
1 23 municipality on or after the effective date of this Act.
1 24 EXPLANATION
1 25 This bill provides that before an urban renewal plan, or a
1 26 modification or an amendment to an urban renewal plan, can
1 27 take effect it has to be approved by resolution of the
1 28 governing body of each affected taxing entity.
1 29 Affected taxing entity is defined as a city, community
1 30 college, county, or school district that certified a property
1 31 tax to be levied on property in the proposed urban renewal
1 32 area in the fiscal year prior to the calendar year in which
1 33 the plan, or amendment to the plan, is submitted for approval.
1 34 The bill takes effect upon enactment and applies to urban
1 35 renewal plans approved by a municipality on or after the
2 1 effective date of the bill.
2 2 LSB 6300HH 79
2 3 sc/hk/91
Text: HF02476 Text: HF02478 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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