This bill amends Section 50-2906 of the Idaho Code, which pertains to urban renewal and the special rules governing certain taxing districts. The amendments clarify the requirements for local governing bodies of authorized municipalities when adopting or modifying urban renewal plans that include revenue allocation financing provisions. Notably, the bill stipulates that no urban renewal project shall be deemed ineffective due to non-compliance with certain procedural requirements if there is substantial compliance in good faith. Additionally, it establishes that fire protection and ambulance service districts will not be subject to financing provisions of urban renewal plans created or modified after July 1, 2025, unless they consent to such provisions.

The bill also introduces new provisions regarding the withdrawal of fire protection and ambulance service districts from urban renewal financing. Specifically, it allows these districts to withdraw if there are no outstanding debts funded by the revenue allocation proceeds. The agency governing the urban renewal plan must accept the withdrawal request if the conditions are met, and it cannot deny the request if the district has sufficient revenue from other sources to cover any outstanding obligations. Furthermore, the bill defines "contractual obligation" to clarify the types of obligations that may affect a district's ability to withdraw from financing provisions. An emergency clause is included, making the act effective immediately upon passage and approval.

Statutes affected:
Bill Text: 50-2906