Alabama Improvement Districts; to limit interest charged on assessments, county tax, and judges of probate to aid in the collection of assessments

HB 150 limits the interest rate that Alabama improvement districts can charge on property assessments to the same rate as the bonds used to fund infrastructure projects, ending the previous practice of allowing higher interest rates. It also creates a new collection method where districts can petition county commissions to use county tax officials (like tax assessors and collectors) to enforce assessments as if they were delinquent property taxes, with the tax collector allowed to charge a 3% fee for this service. These changes directly affect property owners in improvement districts who receive assessments for infrastructure projects, streamlining collection while preventing excessive interest charges. The bill makes these policy adjustments without altering how assessments are initially levied or the core purpose of improvement districts.