No 42 of 2006 - Local Government (Business Improvement Districts) Act 2006
What does this law do?
This Act provides a statutory basis for the establishment of Business Improvement District Schemes (BIDS) within the functional areas of local authorities. A Business Improvement District Scheme is an organisational and financing mechanism through which businesses can develop, fund and implement initiatives, in defined areas, to improve those areas for the betterment of the trading environment in which they operate. A Buisness Improvement District company, representative of business and the local authority, is charged with responsibility for implementing the provisions of a Business Improvement District Scheme.
The Act also makes new provision in relation to the functions of audit committees in local authorities; provides for the imposition and collection of new levies applicable to newly constructed properties; and amends section 56 of the Valuation Act 2001 to allow for buoyancy in rates revenue to apply in the year following revaluation by the Valuation Office.
Contact Department:
Department of Environment, Heritage and Local Government
Signed by the President on:
24 December 2006
Full version of this Act can be found on the Oireachtas website.