Loading chat...

MS HB1669

Bill

Status

Failed

3/28/2018

Primary Sponsor

Credell Calhoun

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Authorizes the City of Jackson to create special local improvement assessment districts and levy assessments up to 6 mills on taxable real property within those districts

  • Requires approval through petition signed by at least 60% of taxable property owners in the proposed district before assessments can be levied

  • Allows assessment proceeds to fund local improvements including parks, sidewalks, streets, lighting, landscaping, security cameras, private patrol services, and property acquisition/rehabilitation

  • Permits the municipality to issue bonds payable from district assessment revenues, with such bonds excluded from the city's debt limitation and exempt from state taxation

  • Districts may be established through either city governing authority resolution (with public hearing) or through a homeowners' association ballot process; act expires July 1, 2027

Legislative Description

City of Jackson; authorize to create special local improvement assessment districts.

Last Action

Died In Committee

3/28/2018

Committee Referrals

Local and Private Legislation3/6/2018

Full Bill Text

No bill text available