Nevada SB420 authorizes municipalities to establish business improvement districts for transportation, housing, and visitor activity mitigation.

Nevada SB420 allows municipalities to create business improvement districts (BIDs) to fund activities related to transportation, housing, and mitigating visitor impacts. The bill outlines the process for establishing a BID, including the submission of a petition by business owners, public hearings, and the creation of a district management plan. BIDs can levy assessments on businesses based on the benefits received and can issue bonds or enter into agreements for financing.

Nevada SB420 authorizes municipalities to establish business improvement districts for transportation, housing, and visitor activity mitigation.

Nevada SB420 allows municipalities to create business improvement districts (BIDs) to fund activities related to transportation, housing, and mitigating visitor impacts. The bill outlines the process for establishing a BID, including the submission of a petition by business owners, public hearings, and the creation of a district management plan. BIDs can levy assessments on businesses based on the benefits received and can issue bonds or enter into agreements for financing.