MS SB3045

Authorizes the City of Jackson to establish special local improvement assessment districts and levy up to 6 mills in annual assessments on taxable real property within those districts, subject to approval by owners of at least 60% of the taxable real property.

Districts can be created through either a resolution and public hearing process, or alternatively within homeowners' association boundaries using a petition and ballot referendum requiring 60% property owner approval.

Authorizes the city to purchase, construct, and maintain local improvements including parks, sidewalks, streets, lighting, security equipment, and patrol services within the districts.

Permits the city or delegated urban renewal/redevelopment authorities to issue bonds payable solely from special assessment revenues, which are excluded from the city's debt limitations and are legal investments for banks and insurance companies.

Requires homeowners' associations managing districts to keep assessment funds separate, conduct annual independent audits, and file audit reports with the city clerk for public review.