PLACEMENT: New Business
TITLE:
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CRA - LEGISLATIVE SESSION 2025
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EXECUTIVE SUMMARY:executive summary
There are new legislative developments that could significantly impact Community Redevelopment Agencies. HB 991, filed by Representative Mike Giallombardo (R-Cape Coral) and a companion bill, SB 1242, which has been filed by Senator Stan McClain (R-District 9 - Alachua, Levy and Marion counties). The key provisions are:
1. Termination of CRAs: Any CRA in existence as of July 1, 2025, would be required to terminate either at the expiration of its charter or by September 30, 2045, whichever occurs first.
2. Prohibition on New Projects and Debt: Starting October 1, 2025, CRAs would be prohibited from initiating new projects or issuing new debt.
3. Outstanding Bonds: CRAs with outstanding bonds as of July 1, 2025, may continue operations until those bonds mature, with a final closure deadline set for September 30, 2045.
4. Bond Maturity and Extension: After September 30, 2045, the maturity dates of any outstanding bonds cannot be extended, and any new finding of necessity must be issued solely for fulfilling bond obligations.
5. Ban on New CRAs: No new CRAs may be established on or after July 1, 2025. However, existing CRAs prior to this date may continue to operate under the current regulations.
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BACKGROUND/RELATED STRATEGIC GOAL:
In the past when there has been legislative activity in Tallahassee regarding CRAs, staff has endeavored to keep the Agency abreast of any developments. We may need to provide information to our representatives and communicate our successes to them at this time. Staff has provided the Board with contact information and talking points for use in phone calls, meetings and written communications.
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with applicable
law, has identified and addressed legal risks, and has developed strategies for legal defensibility.
RECOMMENDED ACTION:
ACTION ITEM: visit the Florida Redevelopment Association’s website (redevelopment.com) and click on Redevelopment Works to find:
• Bullet points about why CRAs are a great investment in your community
• A flyer to download to print and/or email to your stakeholders
• Talking points about the importance of CRAs
• How to find your legislator
• A sample letter to your legislator
• Social media links - please follow the FRA - like and share
• CRA success stories
CRA staff is in touch with our legislative staff and will give direction to the Agency as appropriate. As members of the Board, we may ask that you take proactive steps to contact and/or meet with your local representatives to educate them on the importance of Community Redevelopment Agencies and the critical role they play in strengthening our communities. These legislative changes could have significant consequences, and it is vital that our voices are heard in this process. We will continue to bring you updates as they occur.
FISCAL IMPACT:
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DOCUMENT(S) REQUIRING ACTION:
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This document may be reproduced upon request in an alternative format by contacting the County ADA Coordinator (772) 320-3131, the County Administration Office (772) 288-5400, Florida Relay 711, or by completing our accessibility feedback form at www.martin.fl.us/accessibility-feedback <http://www.martin.fl.us/accessibility-feedback>.