Public Improvement District Act

The Public Improvement District Act authorizes the creation of special-purpose local districts that finance and construct public infrastructure and improvements within a defined area, typically at the request of property owners and subject to approval by the municipality or county in which the district lies. It sets out a formation process running from an application and a resolution of intention through notice, a public hearing on objections, an order forming the district, and in some circumstances an election, and it establishes a board of directors that governs the district under open-meetings and public-records requirements, with governance eventually returning to the local governing body. The act also supplies the district's financing tools — special levies, district taxes, general obligation bonds, and revenue bonds backed by fees and charges — along with annual budgeting and certification duties, disclosure obligations to purchasers of property within the district, debt limitations, and procedures for changing boundaries or dissolving the district.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.