TO: | Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB978 by West (Relating to the creation and financing of public improvement districts.), As Introduced |
The bill would amend Chapter 372 of the Local Government Code to expand the methods that can be used to fund public improvement projects, to add projects that qualify for funding as a public improvement project, and to provide for additional uses of public improvement district funds. In addition, the bill would make changes to operational procedures of a district such as those relating to posting and filing notices, dissolving a district, revising assessment rolls, and revising assessments. Provisions of the bill specify that a public improvement district is not a separate body politic or corporate from the municipality or county that created it.
All governmental acts and proceedings conducted under Chapter 372 prior to the effective date of the bill related to establishing a public improvement district, designating improvements, levying assessments, and financing costs of improvements in response to a petition filed that conform with Section 372.005, Local Government Code, as it existed prior to the effective date of the bill would be validated and confirmed.
The bill would take effect immediately if it were to receive the required two-thirds vote in each house; otherwise, it would take effect September 1, 2009.
Source Agencies: |
LBB Staff: | JOB, DB
|