This bill amends provisions relating to a housing and transit reinvestment zone.
This bill:
- redefines the term "base year";
- defines the term "extraterritorial affordable housing";
- amends terms;
- amends certain requirements and exceptions for boundary adjustments for certain investment zones;
- modifies provisions regarding approval of certain investment zone proposals;
- amends certain provisions regarding an existing community reinvestment project;
- makes technical and conforming changes; and
- includes a coordination clause to coordinate changes in this bill with S.B. 39, Investment Zones Amendments.

Statutes affected:
Introduced: 63N-3-602, 63N-3-603, 63N-3-604, 63N-3-604.1, 63N-3-605, 63N-3-607, 63N-3-608, 63N-3-611, 63N-3-1603, 63N-3-1609
Substitute #1: 63N-3-602, 63N-3-603, 63N-3-604, 63N-3-604.1, 63N-3-605, 63N-3-607, 63N-3-608, 63N-3-611, 63N-3-1603, 63N-3-1609
Substitute #2: 59-2-924, 63N-3-602, 63N-3-603, 63N-3-603.1, 63N-3-604, 63N-3-604.1, 63N-3-605, 63N-3-607, 63N-3-608, 63N-3-611, 63N-3-1601, 63N-3-1603, 63N-3-1609