This bill amends current law regarding the establishment of advisory boards for development districts by removing the mandatory requirement for municipalities to create such boards. Instead, it allows municipalities the option to form advisory boards at their discretion. The new language specifies that the legislative body of the municipality "may" create an advisory board, replacing the previous requirement that they "shall" do so. This change aims to provide municipalities with greater flexibility in managing development districts.

Additionally, the bill maintains the stipulation that if an advisory board is created, it must ensure fair representation of business and community interests, with a majority of members being owners or occupants of real property within the community. The board's composition requirements remain intact, particularly for substantially residential development districts, which must consist solely of owners or occupants of real property within the community. The act will take effect 60 days after its passage.

Statutes affected:
Introduced: 162-K:14
HB1161 text: 162-K:14