NH HB1588

Cities and towns may establish special assessment districts by 2/3 vote of the governing body and majority vote of the legislative body to finance public infrastructure improvements (roads, sidewalks, water mains, sewer lines, stormwater facilities) necessary to serve new development

Assessments can only be levied against properties receiving direct benefit from improvements, with costs apportioned by frontage, lot size, number of units, assessed value, or other reasonable metric, and collected in annual installments over up to 20 years

Municipalities may issue bonds to finance district improvements, repaid solely from property assessments which constitute liens with the same priority as property taxes

The Department of Business and Economic Affairs must expand its housing infrastructure municipal grant program to include sewer, water, and road upgrades for new housing units

Appropriates $1 for FY 2027 to the Department of Business and Economic Affairs for the expanded grant program, with the bill taking effect 60 days after passage