HB 593 Summary

• Reduces the maximum allowable indebtedness for community infrastructure districts from 12% to 9% of actual or adjusted market value for assessment purposes on taxable property as of December 31 of the previous year.

• Extends the appeal deadline for contesting district formation decisions and bond issuance from 30 days to 60 days, after which decisions become final and conclusive.

• Revises the petition requirement for special assessments from requiring all landowners to allowing petitions signed by no fewer than two-thirds of landowners in the proposed assessment area.

• Clarifies that district manager, treasurer, and clerk positions may be designated by resolution when a district contains multiple county or city jurisdictions.

• Updates various definitions and provisions related to community infrastructure eligibility, district board composition, and notice requirements for district formation proceedings.