MS HB1579

Removes requirement for property owner elections to approve amendments to district plans during the ten-year plan period; allows amendments to be approved at annual meetings with 50% participating property owner vote instead of 60%.

Creates new Section 21-43-118 requiring districts to hold annual meetings to report plan activities to property owners and permit plan improvements to be amended with 20 days' notice to property owners.

Transfers disbursement authority of collected district funds from the municipality's chief fiscal officer to the tax collector, who must disburse proceeds within 30 days and provide property owner payment listings and information on unpaid or sold parcels upon request.

Allows business improvement districts to establish their own fiscal year (calendar year or municipal fiscal year) rather than being required to operate on the municipality's fiscal year.

Permits use of district funds for purposes set forth in initially approved or amended district plans, with improvements limited to those not benefiting any single property owner or private party exclusively.