AN ACT relating to community improvement districts.

Summary

The bill establishes county‑wide community improvement districts that can build facilities, improve streets, broadband, green infrastructure, and affordable housing. It sets up a four‑member board to run each district and allows the district to raise money through a limited ad valorem tax, special assessments, bonds (including green and social impact bonds), and private‑partner contracts. Property owners and local governments within the district are directly affected by the new financing and governance rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share