Bill > S1337

This bill aims to improve the local infrastructure development program. It makes several key changes to the existing law: 1. It allows the establishment of a development zone to be initiated by a petition signed by owners of 51% of the land area or assessed value of real estate within the proposed zone. The petition must contain details like the zone's boundaries, improvement plan, and funding sources. 2. It requires the municipal governing body to hold a public hearing on the petition within 120 days and provide written notification to all affected property owners and tenants, as well as the regional planning agency. 3. It adds a provision that the development zone shall expire 35 years from the passing of the resolution creating it, or when the zone is abolished in accordance with the new Section 12. 4. It provides an exemption from infrastructure assessments for residential dwelling units at or below 100% of the Area Median Income (AMI). 5. It introduces new sections allowing for the enlargement of a development zone upon petition, as well as the abolition of a zone upon petition by owners of at least 51% of the land area. Overall, the bill seeks to streamline the process for establishing and modifying local infrastructure development zones, while also providing protections for lower-income residents.

Government Affairs

https://malegislature.gov/Bills/192/S1337