Senate Bill 2660 - Public Improvement District Act Revisions

• Extends the timeframe for holding public hearings on public improvement district petitions from 30 to 60 days after filing, and adds new definitions including "contribution agreement," "market value," and "qualified voter."

• Increases board member terms from initial appointment to 6 years, requires candidates to file a "Statement of Intent" 30 days before elections, establishes proxy voting procedures, and mandates appointment of replacement members if vacancies occur.

• Authorizes districts to pledge user charges and fees for payment of bonds and indebtedness, and requires districts to covenant with bond holders to collect assessments, charges, and fees.

• Requires districts to hold public hearings before issuing bonds or entering contribution agreements with public entities, obtain property appraisals per professional standards, and allows districts to seek court review of Secretary of State noncompliance letters.

• Prohibits district dissolution if outstanding bonds exist, requires all landowners' consent for boundary changes, mandates recording of district establishment notices in county land records, and clarifies property conveyance disclosure requirements.