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Senate advances bill to speed creation of community development agencies, adds retail exclusion
Summary
First substitute HB 41 was amended to clarify it applies to "primary industries," excludes retail competition, and shortens CDA formation timelines; sponsors said changes respond to competing states’ incentives and require consent from affected property owners and taxing entities.
Senator Okerlund presented the first substitute to House Bill 41, a measure designed to let local governments expedite the creation of community development agencies (CDAs) for certain out-of-state primary industries. Okerlund said the bill implements recommendations from an economic development task force and would "shorten the time required to create a community development agency by approximately 30 to 45 days," while preserving public notice,…
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