This bill establishes a comprehensive framework for the creation, operation, modification, renewal, and dissolution of self-help business improvement districts in the City of Prichard, Alabama. It empowers the City Council to create these districts based on petitions from at least 60% of business owners within the proposed area, detailing requirements such as a district plan summary, boundary maps, and a benefit assessment rate capped at four percent of gross business revenue. The bill mandates a public hearing prior to the adoption of the authorizing ordinance, allowing for modifications based on community feedback, and ensures transparency by requiring documentation of any changes to the district plan.

Key provisions include the stipulation that upon renewal, any remaining revenues from benefit assessments or asset sales will be transferred to the renewed district, and that the boundaries and assessments of a renewed district do not need to match those of the original. The bill also outlines a process for dissolution, allowing businesses to request this during a designated 30-day period each year, with the City Council required to adopt a resolution of intention that includes reasons for dissolution and asset disposal proposals. Public notice and hearings are mandated before dissolution, and any remaining revenues after debts are settled must be allocated according to the district plan or refunded to business owners. The act is set to take effect immediately upon passage.