URBAN RENEWAL – Amends and adds to existing law to provide for the dissolution of urban renewal agencies and termination of urban renewal revenue allocation areas and to allow fire protection districts and ambulance service districts to opt out of certain urban renewal financing provisions.

H 255 streamlines the process for cities to dissolve urban renewal agencies and end revenue allocation areas in Idaho. It adds a new section (50-2914) allowing municipalities to formally terminate these areas, while amending existing laws to clarify procedures for agency dissolution, public hearings, and tax allocation between renewal agencies and local governments. Fire protection and ambulance service districts can now opt out of certain urban renewal financing rules under this bill. The changes primarily affect Idaho cities and districts currently operating under urban renewal programs, simplifying administrative steps for ending these initiatives. The bill focuses on procedural updates rather than new funding or policy changes.