Bill Caption

Fiscal Notes

Bill Analysis

• expand the definition of a public improvement project to include recreational facilities and certain water features;
• exempt public improvement projects partially funded by special assessments;
• authorize the acquisition of right-of-ways for public improvement projects;
• authorize payment of expenses related to the operation and maintenance of public improvement projects;
• remove a right to protest certain project funded through general obligation or revenue bonds;
• allow for the public hearing and decision process for increasing the area of a public improvement project. Subsequently, the governing body can make a reassessment of the new land;
• use the Special Improvement District Fund to pay for the initial cost of general obligation or revenue bonds, while improvement bonds would no longer be covered; and
• allow a municipality to pledge undedicated tax increment revenue for the payment of obligations.

Vote Recommendation Notes