The proposed bill establishes the Community Improvement District Act in Nebraska, providing a structured framework for the creation and management of community improvement districts (CIDs) within cities and villages. It defines essential terms and outlines the process for forming a CID, which requires a majority of property owners to sign articles of association and obtain approval from the city or village council. The bill also specifies that CIDs may not own land exceeding ten acres unless used for public purposes within three years and mandates public hearings to address objections. Additionally, it details the governance structure, including the election of a board of trustees and the responsibilities of the county treasurer as the ex officio treasurer of the district.

The bill introduces several amendments focusing on transparency, accountability, and the management of public infrastructure improvements. It establishes procedures for public bidding, the acceptance of completed work, and the levying of special assessments, ensuring property owners have rights to contest assessments. Furthermore, it outlines the processes for the dissolution and merger of CIDs, the detachment of property, and the appointment of an administrator in cases of financial default. The legislation aims to enhance local governance and infrastructure development while ensuring public participation and compliance with local regulations.