Bill

Bill > AB737


WI AB737

WI AB737
Financing certain infrastructure by special charge approved by a neighborhood improvement district.


summary

Introduced
12/03/2025
In Committee
02/18/2026
Crossed Over
02/17/2026
Passed
02/23/2026
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT to amend 66.1110 (2) (a) and 66.1110 (5); to create 66.1110 (2) (am), 66.1110 (8), 709.03 (form) E3m. and 709.033 (form) D2m. of the statutes; relating to: financing certain infrastructure by special assessment ap- proved by a neighborhood improvement district.

AI Summary

This bill allows neighborhood improvement districts, which are areas designated for local improvements, to finance certain infrastructure projects, specifically those related to residential development, through special assessments, which are charges levied on properties that benefit from the improvement. Previously, the use of special assessments by these districts was more restricted, but this bill expands their authority, requiring approval from all property owners within the proposed district and the local legislative body. The bill also clarifies that funds collected from these special assessments must be used solely for the approved infrastructure and can be collected in installments, potentially included in property tax rolls. Additionally, it introduces new disclosure requirements for property sellers regarding existing neighborhood improvement special assessments.

Committee Categories

Housing and Urban Affairs

Sponsors (7)

Last Action

Report correctly enrolled on 2-23-2026 (on 02/23/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...