This bill proposes to amend current statutes regarding municipal improvement districts, specifically allowing for the consolidation of street lighting improvement districts (SLIDs) under certain conditions. From January 1, 2027, through January 1, 2030, a political subdivision with multiple SLIDs can consolidate them into a single district by resolution, notwithstanding existing consolidation requirements. Additionally, the bill mandates that at least 60 days prior to adopting such a resolution, the political subdivision must notify all affected property owners and allow for public comments. The notice must include details such as the geographic areas involved, the effective date of the consolidation, potential changes in tax rates, and the time and location for public comment.
Furthermore, upon approval of the consolidation resolution, the governing body must submit a copy to the county recorder for official recording. The bill also specifies that any SLID established during the specified timeframe is eligible for this modified consolidation process. Overall, these changes aim to streamline the consolidation of SLIDs while ensuring transparency and public involvement in the decision-making process.