FL S0992

Authorizes the City of Lauderhill to create neighborhood improvement districts that can borrow money, issue bonds, and pledge special assessment power to finance capital projects.

Requires bond issuance to be approved by the district's governing board, city commission, and a referendum vote of district electors by mail ballot.

Establishes referendum procedures including 45-day voter registration compilation, 75-day registration period, and 60-day ballot return deadline, with results certified within 5 days.

Requires referendum ballots to include estimated capital project costs and bond amounts, and specifies that approval requires an affirmative majority vote of registered district voters.

Permits bonds to be issued in one or more series with flexible terms including interest rates, maturity dates, and redemption provisions as determined by district resolution or trust indenture.

Limits loan terms to not exceed the useful life of the projects secured by the loan.