Massachusetts H299 amends business improvement district management to require renewal votes and public reporting.

Massachusetts H299 amends the management of business improvement districts (BID) by requiring a renewal meeting within five years of a BID's creation. This meeting must review the BID's history, propose an updated improvement plan, and decide whether to continue the BID. A majority vote from participating owners present at the meeting is needed for continuation. The BID must also comply with public charity reporting requirements, making a copy available to the public.

Massachusetts H299 amends business improvement district management to require renewal votes and public reporting.

Massachusetts H299 amends the management of business improvement districts (BID) by requiring a renewal meeting within five years of a BID's creation. This meeting must review the BID's history, propose an updated improvement plan, and decide whether to continue the BID. A majority vote from participating owners present at the meeting is needed for continuation. The BID must also comply with public charity reporting requirements, making a copy available to the public.