Section 50-2906 – PUBLIC HEARING AND ORDINANCE REQUIRED.
50-2906. PUBLIC HEARING AND ORDINANCE REQUIRED. (1) To adopt a new urban renewal plan or create a competitively disadvantaged border community area containing a revenue allocation financing provision, the local governing body of an authorized municipality must enact an ordinance in accordance with chapter 9, title 50, Idaho Code, and section 50-2008, Idaho Code. To […]
Section 50-2907 – TRANSMITTAL OF REVENUE ALLOCATION AREA DESCRIPTION AND OTHER DOCUMENTS TO TAXING AGENCIES.
50-2907. TRANSMITTAL OF REVENUE ALLOCATION AREA DESCRIPTION AND OTHER DOCUMENTS TO TAXING AGENCIES. (1) After the effective date of an ordinance enacted by the local governing body of an authorized municipality, the clerk of the authorized municipality shall transmit, to the county auditor and tax assessor of the county in which the revenue allocation area […]
Section 50-2908 – DETERMINATION OF TAX LEVIES — CREATION OF SPECIAL FUND.
50-2908. DETERMINATION OF TAX LEVIES — CREATION OF SPECIAL FUND. (1) For purposes of calculating the rate at which taxes shall be levied by or for each taxing district in which a revenue allocation area is located, the county commissioners shall, with respect to the taxable property located in such revenue allocation area, use the […]
Section 50-2909 – ISSUANCE OF BONDS — BOND PROVISIONS.
50-2909. ISSUANCE OF BONDS — BOND PROVISIONS. (1) If the local governing body of an authorized municipality has enacted an ordinance adopting a revenue allocation financing provision as part of an urban renewal plan, the urban renewal agency established by such municipality is hereby authorized and empowered: (a) To apply the revenues allocated to it […]
Section 50-2910 – BONDS NOT GENERAL OBLIGATION OF AGENCY OR MUNICIPALITY.
50-2910. BONDS NOT GENERAL OBLIGATION OF AGENCY OR MUNICIPALITY. Except to the extent of moneys deposited in a special fund or funds under this act and pledged to the payment of the principal of and interest on bonds or other obligations, the agency shall not be liable on any such bonds or other obligations. The […]
Section 50-2911 – LIMITATIONS ON REVIEW.
50-2911. LIMITATIONS ON REVIEW. (1) No direct or collateral action attacking or otherwise questioning the validity of any urban renewal plan, project or modification thereto (including one containing a revenue allocation provision), or the adoption or approval of such plan, project or modification, or any of the findings or determinations of the agency or the […]
Section 50-2912 – SEVERABILITY.
50-2912. SEVERABILITY. The provisions of this act are hereby declared to be severable and if any provision of this act or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of remaining portions of this act. History: [50-2912, added 1988, ch. […]
Section 50-2913 – URBAN RENEWAL AGENCY PLANS — REPORTING INFORMATION REQUIRED — PENALTIES FOR FAILURE TO REPORT.
50-2913. URBAN RENEWAL AGENCY PLANS — REPORTING INFORMATION REQUIRED — PENALTIES FOR FAILURE TO REPORT. In addition to the provisions applicable to urban renewal agencies in chapters 20 and 29, title 50, Idaho Code, the provisions of this section shall also apply to urban renewal agencies. For purposes of this section, "urban renewal agency" shall […]
Section 50-2901 – SHORT TITLE.
50-2901. SHORT TITLE. This act may be known and cited as the "Local Economic Development Act." History: [50-2901, added 1988, ch. 210, sec. 1, p. 393.]
Section 50-2902 – FINDINGS AND PURPOSE.
50-2902. FINDINGS AND PURPOSE. It is hereby found and declared that there exists in municipalities a need to raise revenue to finance the economic growth and development of urban renewal areas and competitively disadvantaged border community areas. The purpose of this act is to provide for the allocation of a portion of the property taxes […]