26RS HB 843

House Bill 843

Actions

Last Action	03/03/26: to Committee on Committees (H)
Title	AN ACT relating to community improvement districts.
Bill Documents	Introduced
Bill Request Number	965
Sponsor	J. Watkins
Summary of Original Version	Amend KRS 107.310, relating to community improvement districts, to define "green infrastructure", "green bond", and "social impact bond"; amend KRS 107.330 to increase the scope of community improvement districts to include public infrastructure, housing, public safety and health, and economic development tools; amend KRS 107.340 to require county judges/executive to ensure community improvement district board membership does not represent one particular interest; amend KRS 107.350 to allow community improvement districts to use green bonds and social impact bonds; amend KRS 107.380 to increase reporting requirements of community improvement districts; amend KRS 65.7043, 65.7045, and 65.7049 to allow community improvement districts to access moneys from tax increment financing levied by local governments; create new sections of KRS 107.310 to 107.500 to allow community improvement districts to request cities and counties to use special assessments imposed under KRS 91A.200 to 91A.290; allow community improvement districts to receive moneys from private partners; establish the Community Improvement District Grant Program to provide state grants for community improvement district projects and require the Department for Local Government to administer the program; create the Community Improvement District Grant Program fund to be administered by the Department for Local Government; require projects undertaken by community improvement districts to be reapproved by property owners within the boundaries of the district on a 10 year basis.
Index Headings of Original Version	Public Works - Community improvement districts, types of projects, expansion Reports Mandated - Community improvement districts, reporting required to Department for Local Government Special Districts - Community improvement districts, omnibus changes Special Purpose Governmental Entities - Community improvement districts, omnibus changes Taxation - Community improvement districts, special assessments Taxation - Community improvement districts, tax increment financing, use Taxation, Property - Community improvement districts, special assessments Taxation, Property - Community improvement districts, tax increment financing, use Bonds, Public - Community improvement districts, bond classifications, use Business Entities And Organizations - Community improvement districts, partnerships with private business Cities - Community improvement districts, omnibus changes Counties - Community improvement districts, omnibus changes County Judges/Executive - Community improvement districts, board appointments Economic Development - Community improvement districts, types of projects, expansion Environment And Conservation - Community improvement districts, types of projects, expansion Funds - Community Improvement District Grant Program fund, creation Local Government - Community improvement districts, omnibus changes Notices - Community improvement districts, advertisement to continue projects Parks And Shrines - Community improvement districts, types of projects, expansion