MS HB377

Authorizes Mississippi municipalities to create special local improvement assessment districts and levy up to 6 mills in annual special assessments on taxable real property within those districts.

Requires petition support from owners of at least 60% of taxable property in the proposed district and a public hearing before the governing authority can adopt a resolution establishing the district.

Permits districts to use assessment proceeds for planning, design, construction, and maintenance of local improvements including parks, sidewalks, streets, security enhancements, and property acquisition.

Authorizes municipalities to issue bonds payable solely from special assessment revenues, which are excluded from municipal debt limitations and exempt from state taxation.

Amends Mississippi Code Section 21-33-303 to exclude bonds issued under this act from municipal debt limitation calculations.