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MS HB1669
Bill
Status
3/28/2018
Primary Sponsor
Credell Calhoun
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AI Summary
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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
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Requires approval through petition signed by at least 60% of taxable property owners in the proposed district before assessments can be levied
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Allows assessment proceeds to fund local improvements including parks, sidewalks, streets, lighting, landscaping, security cameras, private patrol services, and property acquisition/rehabilitation
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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
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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