The proposed legislation, General Assembly Raised Bill No. 6993, aims to allow special taxing districts with one hundred twenty or fewer lots to equally apportion costs related to the maintenance of beaches or private roads, as well as administrative costs associated with district management. This new provision will take effect on July 1, 2025, and will apply to assessment years starting on or after October 1, 2025. For a district to implement this method of cost apportionment, the board of directors must approve a resolution, call a meeting of the district's voters within thirty days, and secure a majority vote in favor of the proposal.

Additionally, the bill mandates that the clerk of any district opting for this equal cost apportionment must notify the Secretary of the Office of Policy and Management within seven days of the election. The bill introduces new legal language to facilitate this process while deleting any conflicting provisions from existing law. The overall purpose of the bill is to provide a fair and equitable method for cost distribution among property owners in certain special taxing districts.