municipal improvement districts; technical correction

The bill's title and subject matter were changed from 'municipal improvement districts' to 'infrastructure finance districts' to reflect a broader modernization of the program.

Eligible infrastructure projects were expanded to include communications/digital infrastructure, public safety facilities, and neighborhood parks, while explicitly excluding energy/utility facilities and decorative water features.

The deadline for existing development fees to be replaced was extended from 2014 to 2021 for counties and from 2012 to 2020 for municipalities.

The definition of 'necessary public service' was updated to include specific exclusions for facilities used for training or administrative purposes, and to clarify that trails are excluded from park facilities.

New requirements were added for districts to include a summary of anticipated community benefits and material risks in their formation petitions.

Numerous formatting errors, inconsistent capitalization, and typos were corrected throughout the text of the bill.

The maximum authorized tax rate for state affordability infrastructure districts was reduced from $10 to $5 per $100 of net assessed property valuation.

New restrictions were added prohibiting districts from financing or building water, wastewater, or sewer facilities within the service territory of existing public utilities unless those utilities provide written authorization.

Formatting and capitalization inconsistencies in definitions and petition requirements were corrected for consistency.

The definition of 'maximum authorized tax rate' was updated to reference a new section and remove complex exceptions regarding countywide tax rates.

The definition of 'development' was slightly refined to improve clarity regarding structural alterations and facility expansions.

References to a deleted 'infrastructure finance district' and specific fee amounts (like $15 judgment deed fees) were removed to align with previous legislative changes.