Relates to industrial development agencies

This bill requires industrial development agencies to follow specific procedures before providing over $100,000 in financial assistance or tax exemptions for projects. Agencies must adopt a resolution describing the project, hold public hearings in the project location, and send written notices to affected local governments and school districts at least 10 days in advance. The bill also mandates a standardized application form for project requests and uniform evaluation criteria to ensure transparency and accountability. It directly affects industrial development agencies, local taxing jurisdictions, and school districts where projects are proposed. These requirements aim to increase community input and clarify processes for large financial assistance decisions.