Senate Bill 284 Summary

• Extended the sunset date for county and city authority to use special assessments for critical infrastructure needs from July 1, 2015 to July 1, 2020.

• Reduced the maximum number of annual installments for assessment payments from 30 years to 25 years for both counties and cities.

• Set an earlier expiration date of July 1, 2019 for dam repair projects authorized under the statute.

• Assessments made on or after July 1, 2015 are subject to the new rules, while previously authorized assessments and bonds remain valid.