This bill mandates that districts utilizing tax increment financing (TIF) establish an advisory committee to enhance oversight and collaboration among local stakeholders. Specifically, it amends Section 7-15-4234 of the Montana Code Annotated (MCA) to require that the board of commissioners for urban renewal agencies includes at least one representative from the county or consolidated city-county government and one from a school district that overlaps with the urban renewal area. Additionally, the bill specifies that the initial appointments to the board must include staggered terms, ensuring continuity and experience within the agency.

Furthermore, the bill amends Section 7-15-4282, stipulating that any local government adopting a TIF provision must appoint an advisory committee to provide guidance on the administration of the urban renewal area or targeted economic development district. This committee must include representatives from each incorporated city or town, county, or school district with overlapping boundaries. However, it also provides an exception for urban renewal areas administered by agencies created under a specific provision, which are not required to form such a committee. Overall, the bill aims to improve the governance and accountability of urban renewal efforts through enhanced stakeholder engagement.

Statutes affected:
LC Text: 7-15-4282
SB0003_1(1): 7-15-4282
SB0003_1(2): 7-15-4282
SB0003_1(3): 7-15-4282
SB0003_1(4): 7-15-4282
SB0003_1(5): 7-15-4282
SB0003_1(6): 7-15-4282
SB0003_1: 7-15-4282
SB0003_2(1): 7-15-4234, 7-15-4282
SB0003_2(10): 7-15-4282
SB0003_2(11): 7-15-4282
SB0003_2(2): 7-15-4234, 7-15-4282
SB0003_2(3): 7-15-4234, 7-15-4282
SB0003_2(4): 7-15-4282
SB0003_2(5): 7-15-4282
SB0003_2(6): 7-15-4282
SB0003_2(7): 7-15-4282
SB0003_2(8): 7-15-4282
SB0003_2(9): 7-15-4282
SB0003_2: 7-15-4234, 7-15-4282
SB0003_3: 7-15-4234, 7-15-4282
SB0003_X(1): 7-15-4234, 7-15-4282
SB0003_X(10): 7-15-4234, 7-15-4282
SB0003_X(11): 7-15-4234, 7-15-4282
SB0003_X(12): 7-15-4234, 7-15-4282
SB0003_X(13): 7-15-4234, 7-15-4282
SB0003_X(14): 7-15-4234, 7-15-4282
SB0003_X(15): 7-15-4234, 7-15-4282
SB0003_X(16): 7-15-4234, 7-15-4282
SB0003_X(17): 7-15-4234, 7-15-4282
SB0003_X(2): 7-15-4234, 7-15-4282
SB0003_X(3): 7-15-4234, 7-15-4282
SB0003_X(4): 7-15-4234, 7-15-4282
SB0003_X(5): 7-15-4234, 7-15-4282
SB0003_X(6): 7-15-4234, 7-15-4282
SB0003_X(7): 7-15-4234, 7-15-4282
SB0003_X(8): 7-15-4234, 7-15-4282
SB0003_X(9): 7-15-4234, 7-15-4282
SB0003_X: 7-15-4234, 7-15-4282