HB 1997-S.E - DIGEST

(DIGEST AS ENACTED)

     Declares that this act relates to establishing industrial land banks outside urban growth areas.

     Declares that the authority of a county meeting the criteria of this act to engage in the process of including or excluding master planned locations from the urban industrial land bank terminates on December 31, 2002.  However, any location included in the urban industrial land bank on December 31, 2002, shall be available for major industrial development as long as the criteria of this act are met.

     Declares that this act and the termination date specified in this act apply to a county that at the time the process is established:

     (1) Has a population greater than forty thousand but fewer than eighty thousand;

     (2) Has an average level of unemployment for the preceding three years that exceeds the average state unemployment for those years by twenty percent; and

     (3) Is located in the Interstate 5 or Interstate 90 corridor.