CS/HB 9, related to Florida Community Redevelopment Agencies, was passed by the 2019 legislature.
Using “#Redevelopmentworks” we post examples of tools to promote the good work of CRAs throughout the state. The FRA has also built an online library of best practices. Look under the Awards section for 10 years of great examples of redevelopment projects.
CS/HB 9 contained increased accountability and transparency requirements without undue limitations on the operations or administration of Florida CRAs.
CS/HB 9 (LeMarca)
- Requires ethics training for all CRA board members;
- Requires the CRA to use the same procurement processes as the city or county
- Revises the annual reporting requirements for agencies;
- Allows for extensions of CRA terms beyond 2039;
- Limits the extension of outstanding bonds’ maturity beyond 2039;
- Updates state agency requirements when declaring inactive CRAs;
- Allows the amounts of funding by each taxing authority who passes the funding ordinance of a CRA trust fund to be lowered to 50%;
- Requires all CRA expenditures to be pursuant to the annual budget;
- Such budget/amendments shall be submitted to the county 10 days after approval;
- Revises the list of allowed expenditures by a CRA;
- Allows end of fiscal year carry over of project funds beyond the 3 year limitation;
- Revises audit requirements;
- Requires the audit to accompany the annual financial report under 218.32;
- Effective October 1, 2019.