This bill allows municipalities to create infrastructure-based special assessment districts specifically aimed at financing public improvements that benefit new development. The new legal language inserted into RSA 52-A includes provisions for establishing these districts, which can be initiated by a two-thirds vote of the governing body and a majority vote of the legislative body. The bill outlines the types of public facilities eligible for financing, such as roads, sidewalks, and utility connections, while explicitly excluding general government buildings and schools. It also details the apportionment of costs, stating that special assessments must reflect the benefits received by the properties assessed.

Additionally, the bill provides a framework for financing these improvements, allowing municipalities to borrow money and issue bonds, with repayment solely from the special assessments collected. It establishes a procedure for creating these districts, including public hearings and requirements for notifying affected property owners. Property owners have the right to appeal the assessment costs, and the bill stipulates that a district cannot be dissolved until all associated debts are settled. The act will take effect 60 days after its passage.