This bill establishes a framework for the creation of "Special Assessment Districts" by county commissions and municipalities in West Virginia, aimed at improving housing and utility infrastructure. It outlines the procedures for establishing these districts, including requirements for public notice and hearings, the formation of district boards, and the authority to levy service fees to fund public improvements. The legislation emphasizes that costs for expanding utility infrastructure should be borne by property owners who directly benefit from the improvements. Additionally, it mandates that public hearings be held before the creation or modification of these districts, ensuring transparency and community involvement.

The bill also details the financial management of special assessment districts, allowing municipalities to issue bonds or notes to finance improvements, with strict guidelines on the use of proceeds. It establishes a special assessment district fund for revenue collection and specifies that collected fees cannot replace existing funds or services. Furthermore, it includes provisions for the dissolution of districts, transferring remaining funds and obligations to the municipality for the benefit of the area previously included in the district. The legislation sets a maximum lifespan of 20 years for any special assessment district unless reinstated, and it outlines the terms and security for bonds issued, enhancing the financial framework for these districts.

Statutes affected:
Introduced Version: 7-12B-1, 7-12B-2, 7-12B-3, 7-12B-4, 7-12B-5, 7-12B-6, 7-12B-7, 7-12B-8, 7-12B-9, 7-12B-10, 7-12B-11, 7-12B-12, 7-12B-13, 7-12B-14, 7-12B-15, 7-12B-16, 7-12B-17, 8-13D-1, 8-13D-2, 8-13D-3, 8-13D-4, 8-13D-5, 8-13D-6, 8-13D-7, 8-13D-8, 8-13D-9, 8-13D-10, 8-13D-11, 8-13D-12, 8-13D-13, 8-13D-14, 8-13D-15, 8-13D-16, 8-13D-17