Community Redevelopment Agencies
What changed between versions
Changed agency structure to require governing bodies to declare themselves as agencies rather than operating as independent boards of commissioners.
Added authority for governing bodies to appoint additional members to agency boards, with staggered terms to ensure continuity.
Restricted the ability to modify redevelopment plans that expand boundaries or extend timeframes, requiring additional notice and joint hearings with counties.
Prohibited agencies from using increment revenues to fund concerts, festivals, parades, and similar events.
Adjusted termination dates for existing agencies from July 1, 2025 to October 1, 2019, with a hard stop date of September 30, 2039 for bond maturity extensions.
Updated statutory definitions to clarify that agencies are created by governing bodies rather than as separate independent entities.