Improvements to Real Property

Improvements to Real Property; Authorizes residential or commercial property owner to apply to qualifying improvement program for funding to finance improvement & to enter into financing agreement with local government or program administrator; specifies requirements of financing agreement for government commercial property; revises requirements for local governments & program administrators when determining eligibility for assessment financing; revises requirements for qualifying improvements; revises calculation of non-ad valorem assessment limits; specifies underwriting, financing estimate, disclosure, & confirmation requirements for local governments & program administrators; restricts what improvements may be covered in certain agreements between local governments or program administrators & commercial property owners; specifies requirements for, & certain prohibited acts by, program administrators relating to financing agreements & contractors for qualifying improvements to residential property.