HB276 Summary

• Requires each municipality to include in financial audits a calculation of the percentage of annual operating revenue derived from costs, fees, and fines related to municipal traffic ordinance violations and non-moving traffic violations.

• Mandates the Department of Examiners of Public Accounts include this same calculation in any municipal audits it performs.

• Establishes a 30 percent threshold; if traffic violation revenue exceeds 30 percent of a municipality's annual general operating revenue, the municipality must remit the excess amount to the Department of Finance within 30 days of audit completion.

• Requires the Department of Finance to distribute remitted amounts to county boards of education on a pro rata basis.

• Becomes effective immediately upon passage and gubernatorial approval or upon otherwise becoming law.