House File 334
HOUSE FILE
BY WATTS
Passed House, Date Passed Senate, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act relating to approval of certain urban renewal projects and
2 including effective and applicability date provisions.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
4 TLSB 1735YH 80
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PAG LIN
1 1 Section 1. Section 403.5, Code 2003, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 4A. If the urban renewal plan includes a
1 4 project for housing or residential development, or for
1 5 providing or aiding in the provision of public improvements
1 6 related to housing and residential development, the governing
1 7 body of an affected taxing entity that is a school district or
1 8 a county, or a school district or a city, whichever is
1 9 applicable, shall, by resolution, approve the project before
1 10 the plan may take effect. For purposes of this subsection, a
1 11 project does not include the assurance of assistance for low
1 12 and moderate income family housing required under section
1 13 403.22.
1 14 Sec. 2. Section 403.5, subsection 5, Code 2003, is amended
1 15 by adding the following new unnumbered paragraph:
1 16 NEW UNNUMBERED PARAGRAPH. If the urban renewal plan to be
1 17 amended or modified includes a project for housing or
1 18 residential development, or for providing or aiding in the
1 19 provision of public improvements related to housing and
1 20 residential development, the governing body of an affected
1 21 taxing entity that is a school district or a county, or a
1 22 school district or a city, whichever is applicable, shall, by
1 23 resolution, approve the project before the amendment or
1 24 modification to the plan may take effect. For purposes of
1 25 this subsection, a project does not include the assurance of
1 26 assistance for low and moderate income family housing required
1 27 under section 403.22.
1 28 Sec. 3. EFFECTIVE AND APPLICABILITY DATES. This Act,
1 29 being deemed of immediate importance, takes effect upon
1 30 enactment and applies to urban renewal plans proposed on or
1 31 after the effective date of this Act, and to amendments or
1 32 modifications proposed to existing urban renewal plans on or
1 33 after the effective date of this Act.
1 34 EXPLANATION
1 35 This bill provides that if an urban renewal plan proposed
2 1 by a city includes a project for housing or residential
2 2 development, or for providing or aiding in the provision of
2 3 public improvements related to housing and residential
2 4 development, the project must be approved by any school
2 5 district and county that levies property taxes in the urban
2 6 renewal area before the plan may take effect. If the urban
2 7 renewal plan containing a housing or residential development
2 8 project is proposed by a county, the project must be approved
2 9 by any school district and city that levies property taxes in
2 10 the urban renewal area before the plan may take effect. The
2 11 bill also applies to amendments or modifications to an
2 12 existing urban renewal plan if the plan contains a project for
2 13 housing or residential development. The bill provides that
2 14 funds provided as assurance for low and moderate income family
2 15 housing and residential development under Code section 403.22
2 16 is not considered a project of the urban renewal plan.
2 17 The bill takes effect upon enactment and applies to urban
2 18 renewal plans proposed on or after the effective date of the
2 19 bill and applies to amendments or modifications to existing
2 20 urban renewal plans which amendments or modifications are
2 21 proposed on or after the effective date of the bill.
2 22 LSB 1735YH 80
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