This bill modifies provisions affecting special districts. This bill: - defines terms and modifies definitions; - provides that a property owner special district may pledge all or a portion of revenue collected from an impact fee or other fee toward payment of a general obligation bond; - authorizes a basic special district to create a public infrastructure district; - authorizes a basic special district to fund:the acquisition and construction of certain facilities; and affordable housing projects; - modifies requirements for determining consent of surface property owners within a public infrastructure district; - modifies provisions related to the appointment or election of board members for a public infrastructure district; - modifies provisions related to the annexation of property to, or withdrawal of property from, a public infrastructure district; - provides that a public entity or private person may not receive funds from any portion of a public infrastructure district's property tax revenue without a resolution of the public infrastructure district's board authorizing the public entity or private person to receive the funds; - modifies the process for a public infrastructure district to issue a bond; and - makes technical and conforming changes.

Statutes affected:
Introduced: 11-42-106, 17B-1-304, 17B-1-1102, 17D-4-102, 17D-4-103, 17D-4-201, 17D-4-202, 17D-4-203, 17D-4-204, 17D-4-301, 17D-4-302, 17D-4-303, 17D-4-305