Relating to: financing certain infrastructure by special charge approved by a neighborhood improvement district.

SB 735 allows neighborhood improvement districts to approve special property charges to fund infrastructure directly related to residential development within those neighborhoods. Property owners in designated districts would pay these charges, which can be collected in installments over time and included in regular tax bills. The bill requires districts to detail the specific infrastructure being funded and how charges will be allocated per parcel before approval. It applies to neighborhoods where property is owned by multiple owners, with streamlined rules for single-owner areas. This legislation creates a new financing tool for local infrastructure projects without changing general property tax collection methods.