Allowing counties and municipalities to create special assessment districts for public improvements.

West Virginia Senate Bill 1002 allows counties and municipalities to establish special assessment districts for public improvements. These districts can levy fees on properties within the district to fund improvements. The bill outlines procedures for creating, modifying, and dissolving districts, including public hearings and notice requirements. It also details the issuance of bonds and notes to finance improvements, the creation of special assessment district funds, and the exemption of bonds and acquired property from taxation.

Allowing counties and municipalities to create special assessment districts for public improvements.

West Virginia Senate Bill 1002 allows counties and municipalities to establish special assessment districts for public improvements. These districts can levy fees on properties within the district to fund improvements. The bill outlines procedures for creating, modifying, and dissolving districts, including public hearings and notice requirements. It also details the issuance of bonds and notes to finance improvements, the creation of special assessment district funds, and the exemption of bonds and acquired property from taxation.