AZ SB1652

Requires a petition signed by a majority of property owners and owners of at least 51% of acreage within a proposed improvement district before the governing body may order an improvement and adopt a resolution of intention, effective May 1, 2024.

Petition must include the district name, necessity for the district, legal description and map of boundaries, general description of the proposed improvement, assessor's parcel numbers for each lot, and statement that petitioners consent to assessment.

Allows property owners to verify the petition using county assessor records and official recorder records; excludes mortgagees, lienholders, and public property from the calculation of signatures and acreage required.

Permits the governing body to require petitioners to deposit money or file a bond sufficient to pay expenses if the district formation is refused, with authority to order additional deposits if needed.

Exempts community facilities districts issuing special assessment bonds from the petition requirements and allows waiver of posting, publication, notice, and protest procedures if all property owners sign the petition.