Allowing for County Revitalization Authorities & Granting Power of Eminent Domain for Same

February 22, 2024

HB24-1172

Summary

Bill 24-1172 creates a process for counties to establish a revitalization authority. A county revitalization authority is a corporate body that uses tax increment and private financing to create and implement a county revitalization project through a revitalization plan. Before commencing a revitalization project, the county must designate an area as a revitalization area at a public hearing. A revitalization area is a segment of a county that could improve the overall health, safety, wellness, and growth of the county as a whole upon implementation of a revitalization plan there. If this bill passes, county revitalization authorities would have numerous powers and abilities, including the power to rezone or replan property in a revitalization zone, the power of eminent domain, and the ability to issue bonds and make relocation payments to families displaced by a revitalization authority.

Legislative Update

  • 2024-04-17 / Engrossed
    Senate Third Reading Passed - No Amendments
  • 2024-04-16
    Senate Second Reading Passed - No Amendments
  • 2024-04-11
    Senate Committee on Local Government & Housing Refer Unamended - Consent Calendar to Senate Committee of the Whole
  • 2024-03-18
    Introduced In Senate - Assigned to Local Government & Housing
  • 2024-03-11
    House Third Reading Passed - No Amendments
  • 2024-03-08
    House Second Reading Special Order - Passed with Amendments - Committee, Floor
  • 2024-03-05
    House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole
  • 2024-01-31 / Introduced
    Introduced in House - Assigned to Transportation, Housing & Local Government

This content is updated every Thursday, but is not a comprehensive list of updates. If you have questions regarding a specific piece of legislation, please contact DGS partner, Sarah Kellner.

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