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RS 32-716 introduced to allow URD dissolution process, fire district opt‑outs and single‑owner manufacturing extensions
Summary
The committee introduced RS 32-716, a targeted set of changes to Idaho’s urban renewal district law that would create a process for cities to initiate URD dissolution, allow certain fire district opt‑outs and enable single‑owner manufacturing URDs to be extended up to 20 years.
The House Revenue and Taxation Committee introduced RS 32-716, a targeted set of changes to urban renewal district (URD) law that a sponsor said is intended to address specific concerns while leaving a fuller rewrite for later.
Representative Jason Monks, R‑Ada County, told the committee RS 32-716 is not a complete rewrite but makes three focused changes: it establishes a process by which a city may initiate dissolution of an existing URD (and the associated revenue allocation area), it permits fire districts to opt out of an existing URD so long as that opt‑out does not impair existing indebtedness or bond obligations, and it allows a revenue…
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