Retail Facility Amendments
What changed between versions
Clarifies that the Governor's Office of Economic Opportunity may not offer retail facility incentive payments, while other public entities may still provide them under specific circumstances.
Adds eligibility for retail facility incentive payments for mixed-use developments that include at least one housing unit for every 1,250 square feet of retail space, with at least 10% of housing units qualifying as moderate-income housing.
Establishes new reporting requirements where public entities must submit written reports to the Governor's Office of Economic Opportunity for certain types of retail facility incentive payments.
Updates and renumbers definitions throughout the chapter, including clarifications for 'mixed-use development,' 'moderate income housing,' and 'public entity.'
Creates a process for the Governor's Office of Economic Opportunity to review reports, determine violations, and notify the state auditor if violations are not appealed or corrected within specified timeframes.