Require advisory committee for districts that use tax increment financing

Corrected a typo in the bill title and first page by removing the redundant word 'sections'.

Deleted the 'END' marker and extra blank lines to finalize the document text.

Changed the governance structure of urban renewal agencies from an unspecified board to a required board of at least five appointed commissioners, including specific representatives from the county and overlapping school districts.

Added a requirement for municipalities and counties to form advisory committees to advise on the administration of tax increment financing districts.

Added a requirement for public notice and consultation meetings between municipalities, counties, and school districts before adopting tax increment financing provisions.

Modified the appointment rules for commissioners to include staggered terms (1, 2, 3, and 4 years) and established eligibility criteria requiring commissioners to reside within the municipality.

Added an exemption stating that urban renewal areas already administered by an agency created under a specific previous statute are not required to appoint the new advisory committee.

The bill number was updated from SB 3 to SB 3.2, likely to reflect a revision or second version of the legislation.

A new introductory section was added to explicitly state that the bill was introduced by J. Trebas at the request of the Revenue Interim Committee.

The text was reorganized to move the certification of the Secretary of the Senate and other administrative signatures to the end of the document.

A new Section 3 was added to clarify how appointments should be handled if an existing five-member board is in place when the law takes effect.

Changed the leadership structure of urban renewal agencies from an unspecified board to a mandatory board of at least five appointed commissioners.

Added a requirement for an advisory committee to advise the local government on the administration of tax increment financing districts.

Established a transition rule for existing agencies, requiring them to reappoint commissioners to meet the new five-member composition and include the required county and school district representatives.

Specified that the new governing board must include one representative from the county and one from an overlapping school district.

Capitalization of the word 'section' in the section header was changed to 'SECTION' to match standard formatting conventions.

Added a new requirement for urban renewal agencies to be administered by a board of commissioners appointed by the mayor with local governing body consent, consisting of at least five members with specific term lengths.

Modified the advisory committee requirements to clarify that urban renewal agencies created under a specific statute are not required to appoint an advisory committee.

Added a transition provision to manage the shift from the existing five-commissioner structure to the new appointment process for vacancies or future appointments.

Bill number changed from LC 0083 to SB 3.1 to align with Senate filing procedures.

Primary sponsor J. Trebas was explicitly named in the introduction section.

Header text was updated to include 'Authorized Print Version' and adjusted formatting for the Senate Bill layout.