Bill > H1759

This bill aims to improve the local infrastructure development program by making several changes to the existing law. Key provisions include: 1. Streamlining the process for establishing a development zone by allowing owners of 51% of the land area or assessed value to initiate the process, and requiring public hearings and notifications to be provided. 2. Limiting the duration of a development zone to 35 years or until it is abolished in accordance with the new abolition procedures. 3. Providing an exemption from infrastructure assessments for residential dwelling units at or below 100% of the area median income (AMI). 4. Allowing for the expansion of an existing development zone upon petition by the owners of at least 51% of the land area or assessed value within the existing zone and the proposed addition. 5. Establishing a process for the abolition of a development zone upon petition by the owners of at least 51% of the land area within the zone, provided that all debts have been paid and the purposes of the zone have been substantially achieved. The overall goal of the bill is to make the local infrastructure development program more accessible and beneficial for municipalities and their residents, particularly those in lower-income areas.