HF 5114 Summary

• Authorizes local governments (cities, towns, counties) to build, repair, and maintain transportation infrastructure and acquire necessary land and easements for these purposes.

• Allows local governments to finance infrastructure through general obligations, special obligations, taxes, special assessments, and charges on abutting properties, with real estate tax revenues usable only as temporary backup when other revenues are insufficient.

• Permits local governments to impose "just and equitable charges" on property abutting transportation infrastructure, with charges fixed by property classification, square footage, or other equitable basis, and must include credits for new development contributions.

• Requires collected charges to be placed in a separate fund and used first for normal maintenance costs, with excess revenues pledged for debt payment through local government resolutions.

• Allows local governments to levy assessments against benefited properties, use surplus funds, and levy taxes within local limits for transportation infrastructure purposes, with governing bodies authorized to make covenants enforceable by obligation holders or taxpayers.