Bill > H3892

This bill authorizes the town of Lexington to establish transit improvement districts (TIDs). A TID is a specified area within Lexington that can consist of multiple parcels or buildings, but cannot exceed 25% of the total area of Lexington. Before establishing a TID, Lexington must develop a program plan that includes a financial plan, a list of necessary resources, and other details. The TID must be approved by a majority vote of Town Meeting and a majority vote of the property owners subject to the transit improvement fee. The bill outlines the rights and powers of a TID, including the ability to collect fees to fund transit improvement programs. The fee structure can be based on factors like property value, number of employees, or vehicle trips. The bill also establishes requirements for municipal funding, state matching funds, and user fees. Finally, the bill provides a process for amending TID boundaries, reviewing and renewing TID programs, and dissolving TIDs.

Government Affairs, Transportation and Infrastructure

https://malegislature.gov/Bills/192/H3892