The proposed bill would update current statutes related to municipal improvement districts by introducing new requirements and clarifications while removing outdated language. Specifically, it would require municipal governing bodies to provide an assessment estimate when passing resolutions or ordinances for improvement districts, ensuring that the assessment does not exceed the amount specified in the petition. Additionally, the bill mandates that a petition must be received prior to the passage of the resolution or ordinance, with specific requirements for the petition, including signatures from a majority of property owners and those holding 51% or more of the assessed valuation within the proposed district.

Moreover, the bill expands the definition of "street" to include "on-street parking" and allows municipalities to include adjacent territories in improvement districts without a petition. It clarifies that property exempt from taxes cannot be included in the determination for districts levying ad valorem taxes, while still permitting certain exempt properties in the overall count of property owners. The bill also modifies existing procedures for forming and operating improvement districts, streamlining the process and enhancing clarity in requirements, ultimately ensuring that property owners have a clear voice in the decision-making process.

Statutes affected:
Introduced Version: 48-571, 48-574, 48-575, 48-576, 48-577, 36-1479, 95-128, 89-174, 48-572, 48-581, 48-578, 36-1471, 48-590, 48-505, 48-579, 48-582, 48-721, 48-580, 48-583, 48-584, 48-585, 48-586, 48-587, 48-588, 48-589, 48-591, 48-592, 48-593, 48-594