This bill proposes to amend current statutes regarding municipal improvement districts, specifically allowing for the consolidation of street lighting improvement districts (SLIDs). Under the new provisions, from January 1, 2027, to January 1, 2030, a political subdivision with multiple SLIDs can consolidate them into a single district by resolution, overriding existing consolidation requirements. The bill mandates that at least 60 days prior to the resolution, the political subdivision must notify all affected property owners and allow for public comments on the proposed consolidation.

Additionally, the bill specifies that the notice must include details such as the geographic areas of the districts involved, the effective date of the consolidation, potential changes to the tax rate, the new estimated tax rate for the consolidated district, and the time and location for public comment. Upon approval of the consolidation resolution, the governing body must submit a copy to the county recorder for official recording. The bill also clarifies that any SLID formed during the specified timeframe is eligible for this modified consolidation process.