The "Essential Services Development Act" aims to facilitate state support for infrastructure projects that provide access to essential services such as internet, energy, water, and wastewater primarily for residential purposes. The bill defines key terms related to the act, including "essential services project," which refers to infrastructure projects that meet these criteria. It establishes a framework for public support, requiring that such support be specifically authorized by law and includes provisions to safeguard public resources. The local or regional governments must adopt a development plan detailing their goals, project types, eligibility criteria, and application processes before receiving public support.

Additionally, the act allows for the formation of regional governments through joint powers agreements among municipalities and counties to develop regional essential services plans. It mandates the creation of special funds for public support money, which must be used solely for essential services projects. The bill also outlines the process for project termination and the return of unexpended funds to the state treasury. Furthermore, it requires the division to enter into project participation agreements with local or regional governments, detailing the support provided, project timelines, performance reviews, and safeguards for public resources.