Bill > SB1002

This bill allows counties and municipalities to create "Special Assessment Districts" to fund public improvements, particularly utility infrastructure expansion needed for new housing projects, by levying fees on properties that directly benefit from these improvements. The legislation acknowledges that existing laws can unfairly spread the costs of such infrastructure over a wider area than is directly served, and aims to ensure that those who benefit most from new utility services contribute to their cost. Before establishing a district, a public hearing must be held with proper notice to property owners, detailing the district's boundaries, purpose, and financing methods, including the maximum annual fees. A district board will oversee operations, and fees collected will be placed in a dedicated fund and can only be used for the district's improvements, not to replace existing services. The bill also outlines procedures for modifying district boundaries, abolishing districts, and issuing bonds to finance these improvements, specifying that these bonds are limited obligations of the county or municipality and are not a charge against their general credit or taxing powers.

Agriculture and Natural Resources

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=1002&year=2026&sessiontype=RS&btype=bill