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Bill

LC 3171

Generally revise targeted economic development districts

2025 Regular Session

Aimed to broadly revise the framework for targeted economic development districts, changing how districts are created, governed, and funded.

(LC) Draft Died in Process
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Bill Summary · LC 3171

Summary of LC 3171 — Generally revise targeted economic development districts

Overview

LC 3171 is a bill titled “Generally revise targeted economic development districts.” It was introduced on December 13, 2024, and, according to the record, is a draft that ultimately died in process. The drafter was assigned on the introduction date. The bill’s stated subject is Economic Development.

Status and Timeline

  • Introduced: December 13, 2024
  • Drafter Assigned: December 13, 2024
  • 2024-12-13: (LC) Draft On Hold
  • 2025-05-27: (LC) Draft Died in Process

Note: The bill did not advance beyond the drafting stage, and no enacted text is publicly available in the record.

Purpose and Intent (as inferred from the title)

  • The title indicates an aim to “generally revise” the framework for targeted economic development districts. While specific goals are not published in the available record, such language typically signals changes to how these districts are created, governed, funded, or regulated, with a focus on improving economic development outcomes within designated areas.

Key Provisions (availability of text)

  • Specific provisions, definitions, and operative details are not provided in the available materials for LC 3171. Without the bill text, exact changes to laws, procedures, or funding are not determinable from public records.

What such a bill would typically address (illustrative, not stated in the record)

  • Definitions: Clarifying what constitutes a targeted economic development district.
  • Creation and governance: Criteria for establishing districts, board or authority composition, powers, and oversight.
  • Funding and incentives: Sources and mechanics of financial support, tax incentives, grants, or other economic-development tools.
  • Accountability and reporting: Performance metrics, reporting requirements, audits, and sunset or renewal provisions.
  • Compliance and enforcement: Rules to ensure district activities align with statutory goals and unaffected parties’ rights.
  • Interaction with local governments: Roles of localities, developers, and state agencies in district administration.

Affected Parties (likely implications)

  • Local governments and districts sponsors responsible for establishing or administering districts.
  • Property owners and businesses located within targeted districts.
  • Developers seeking incentives or project-approval within districts.
  • State or regional economic development agencies involved in oversight or funding.

Potential Impact (based on typical reforms)

  • If enacted, the bill could recalibrate eligibility, governance structures, funding mechanisms, and accountability for targeted economic development districts.
  • Could influence the distribution of incentives, project approval processes, and the consistency of district outcomes with stated economic goals.
  • Given that the draft died, these potential impacts did not proceed to law.

Next Steps / Considerations

  • Since LC 3171 died in process, there is no enacted law to implement. If interest persists, stakeholders may monitor for reintroduction in future sessions or for any successor proposals that address targeted economic development districts.
  • Availability of the bill’s text in future openings could provide a precise understanding of changes proposed.

Compiled from official sources — confirm details with the bill’s official record.

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