Adopt the Community Improvement District Act

LB 1130, titled "Adopt the Community Improvement District Act," establishes a legal framework for cities and villages in Nebraska to create community improvement districts (CIDs). These districts, formed by a majority of property owners within a defined area, can levy property taxes (up to a specified rate per $100 valuation) and issue bonds or warrants to fund public infrastructure projects like roads, parks, water systems, and sewer improvements. The bill defines key terms including "public infrastructure" (covering facilities such as streets, utilities, and recreational spaces) and sets limits on land ownership by CIDs (max 10 acres unless used for public purposes within three years). It directly affects property owners in participating cities/villages who would pay for these district-funded improvements through special assessments.