SECTION 163.3756. Inactive community redevelopment agencies.

Latest version.

1(1) 2The Legislature finds that a number of community redevelopment agencies continue to exist, but do not report any revenues, expenditures, or debt in the annual reports they file with the Department of Financial Services pursuant to s. 39218.3240.
41(2)(a) 42A community redevelopment agency that has reported no revenue, no expenditures, and no debt under s. 58189.016(9) 59or s. 61218.32 62for 6 consecutive fiscal years beginning no earlier than October 1, 2016, must be declared inactive by the Department of Economic Opportunity, which shall notify the agency of the declaration. If the agency does not have board members or an agent, the notice of the declaration of inactive status must be delivered to the county or municipal governing board or commission that created the agency.
127(b) 128The governing board of a community redevelopment agency that is declared inactive under this section may seek to invalidate the declaration by initiating proceedings under s. 154189.062(5) 155within 30 days after the date of the receipt of the notice from the Department of Economic Opportunity.
173(3) 174A community redevelopment agency that is declared inactive under this section may expend funds from the redevelopment trust fund only as necessary to service outstanding bond debt. The agency may not expend other funds in the absence of an ordinance of the local governing body that created the agency which consents to the expenditure of such funds.
231(4) 232The provisions of s. 236189.062(2) 237and (4) do not apply to a community redevelopment agency that has been declared inactive under this section.
255(5) 256The provisions of this section are cumulative to the provisions of s. 268189.062269. To the extent the provisions of this section conflict with the provisions of s. 284189.062, 285this section prevails.
288(6) 289The Department of Economic Opportunity shall maintain on its website a separate list of community redevelopment agencies declared inactive under this section.

History.-s. 7, ch. 2019-163.

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