The Redevelopment Works campaign is raising awareness about the importance of Florida’s community redevelopment agencies (CRAs), which serve to revitalize communities.
2019 Legislative Recap
CS/HB 9, related to Florida Community Redevelopment Agencies, passed the Legislature this session. To view the final version, still to be signed by the Governor, please click here.
Don’t forget, when you need to share CRA successes throughout the state, use the hashtag #RedevelopmentWorks. There is no need to recreate the wheel for statewide information. The FRA intends to build an online library (also under the Redevelopment Works tab) of best practices that you use to comply with current law, and then later, how you comply with the new provisions.
SHORT SUMMARY: The bill contains increased accountability and transparency requirements WITHOUT undue limitations on the operations or administration of your CRAs.
CS/HB 9 (LaMarca)
Community Redevelopment Agencies
Passed During the 2019 Florida Legislative Session
- 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.