Relates to industrial development agencies

This bill requires industrial development agencies to follow new steps before providing over $100,000 in tax exemptions or financial assistance for projects. Agencies must adopt a resolution describing the project, hold a public hearing at the project site, give 10 days' notice to local governments and school districts, and use a standardized application form. The application form must include details like project description, job creation estimates, cost breakdowns, and proof of compliance with tax and environmental laws. These changes directly affect agencies, local governments, school districts, and project applicants seeking tax incentives.