Bill
Number: H.B. 2126
Farnsworth D Floor Amendment
Reference to: FINANCE Committee amendment
Amendment drafted by: Leg Council
FLOOR AMENDMENT EXPLANATION
Bill
Number: H.B. 2126
Farnsworth D Floor Amendment
Reference to: FINANCE Committee amendment
Amendment drafted by: Leg Council
FLOOR AMENDMENT EXPLANATION
Second Regular Session H.B. 2126
FARNSWORTH D FLOOR AMENDMENT
SENATE AMENDMENTS TO H.B. 2126
(Reference to FINANCE Committee amendment)
Page 1, strike line 9, insert:
"Page 3, strike line 11, insert "E. A slum or blighted area that is originally designated from and after September 30, 2018 and in which a"
Between lines 12 and 13, insert:
"Line 17, after the period insert "Before the tenth anniversary of its designation, the city or town shall review the area and, pursuant to the review, shall either renew, modify or terminate the designation. If the city of town renews or modifies the original designation, the slum or blighted area designation is subject to subsequent reviews on a ten‑year cycle. If the city or town fails to renew or modify the designation, the slum or blighted area designation automatically terminates five years after the review.""
Line 14, after "met" insert "with respect to any such excluded area"
Page 2, strike lines 1 through 15, insert:
"F. Before October 1, 2020, each city or town shall review each slum or blighted area that was originally designated before September 30, 2018 and in which a central business district is located. All such slum or blighted areas in which a central business district is located are considered to be valid. Pursuant to the review, the city or town shall either renew, modify or terminate the designation. If the city or town renews or modifies the original designation, the slum or blighted area designation is subject to subsequent reviews on a ten-year cycle. If the city or town fails to renew or modify the designation, the slum or blighted area designation automatically terminates from and after september 30, 2025, or five years after any subsequent review. the termination of a slum or blighted area designation under this subsection does not affect:
1. Any existing project described in section 35-701, paragraph 7, subdivision (a), item (ix) that is within the designated area.
2. Any lease or development agreement for the lease of government property if either of the following conditions are met with respect to the slum or blighted area:
(a) The lease of the government property improvement was entered into before the termination or modification of the slum or blighted area designation.
(b) A development agreement, ordinance or resolution was approved by the governing body of the government lessor before the termination or modification of the slum or blighted area designation that authorized a lease on the occurrence of specified conditions and the lease was entered into within five years after the date the development agreement was entered into or the ordinance or resolution was approved by the governing body."
Reletter to conform
Page 4, strike lines 3 through 29"
Amend title to conform