ND HB1300

Requires all special assessment collections to be credited to the municipality's special fund for payment of outstanding special improvement warrants, refunding improvement bonds, general obligation bonds, or revenue bonds issued to finance the improvement.

Mandates that governing bodies complete an annual review of all special assessment revenues.

Requires governing bodies to cease levying special assessments for an improvement once collections are sufficient to repay all outstanding special assessment warrants, refunding improvement bonds, interfund loans, or revenue bonds.

Changes the requirement that remaining special fund balances "may be directed" to the general fund to "shall transfer" the balance to the general fund after all outstanding obligations are paid in full.