HomeMy Public PortalAbout3-CM report attachment 2 - H0217SOPSTATEMENT OF PURPOSE
RS26945
This legislation amends 50-2905A Local Economic Development Act.The purpose is to establish more
taxpayer input into municipal structures that come off the tax roll.Urban Renewal was not intended to
become the path of least resistance for the construction or financing of municipal buildings.It was designed
to encourage private sector development.The primary changes are as follows.We added "remodel"of a
"municipal building"relating to voter approval.Second,we add a "multipurpose sports stadium complex"
to the types of property that would be subject to a public vote in order to spend Urban Renewal dollars from
a Revenue Allocation Area.Third,we required all municipal buildings,remodels and multipurpose sports
stadium complexes to go to the voters in the qualified municipality for approval.Fourth,we lowered the
threshold to approve spending on qualified project costs from 60%to 55%.Fifth,we established the types of
spending that would not be subject to a vote,refocusing the use of Urban Renewal dollars to infrastructure in
advance of private sector economic development.We defined "multipurpose sports stadium complex"and
amended the definition of "municipal building"to include buildings that are owned and leased or operated
by a municipality.Finally,we include an emergency clause.
FISCAL NOTE
There is no fiscal impact to the State or other units of government.There would be a reallocation of property
tax revenue within a Revenue Allocation Area if a project under this section is approved by the qualified
electors in that municipality.
Contact:
Representative Robert Anderst
Representative Rick D.Youngblood
Representative Mike Moyle
Senator Dan Johnson
(208)332-1000
DISCLAIMER:This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill.It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process,including judicial review (Joint Rule 18).
Statement of Purpose /Fiscal Note H0217