This bill clarifies that to be eligible for a 20-year extension, a tax increment financing district may use the tax increment financing revenue for one or both of the permitted uses of affordable housing and transit-oriented development. The bill also amends the definition of "transit-oriented development" to provide that such a development does not have to be located in a transit-oriented development district, area or corridor or a transit-served node.

Statutes affected:
Bill Text LD 1044, HP 673: 30-A.5224