On February 6, 2017, Rep. Timothy Leonard and Sen. Tim Neville introduced HB 17-1167, “Concerning a Requirement that a Business Improvement District Include Existing Businesses.”
A business improvement district (district) is a type of special district created within a municipality to fund certain types of improvements that will, among other things, promote the continued vitality of existing business areas within the municipality. The law currently allows a municipality to include areas in a district that do not have any existing businesses. The bill requires these areas to have existing businesses.
The bill was introduced in the House and assigned to the Business Affairs and Labor and Appropriations committees. It was postponed indefinitely by the House Business Affairs and Labor Committee.