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SB 936 - Current law provides that ambulance and fire protection districts are entitled to a reimbursement of between 50% and 100% of the amount of the district's tax increment deposited into the Special Allocation Fund of a tax increment financing district. This act provides that ambulance and fire protection districts shall annually set such reimbursement rate prior to the time the assessment is paid into the Fund. If the redevelopment plan, area, or project is amended, the ambulance or fire protection district shall have the right to recalculate the reimbursement rate. This act also modifies the Urban Redevelopment Corporations Law by allowing ambulance and fire protection districts to receive a reimbursement of between 50% and 100% of the amount of ad valorem property tax revenues the district would have received in the absence of the property tax abatement or exemption provided for under current law. Ambulance and fire protection districts shall annually set such reimbursement rate prior to the time the assessment is determined by the county assessor. If the redevelopment plan, area, or project is amended, the ambulance or fire protection district shall have the right to recalculate the reimbursement rate. JOSHUA NORBERG
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