ID H0523

Establishes a central registry and reporting portal on the legislative services office website for local governing entities to report administrative, financial, and debt information, with listings available by January 1, 2016.

Requires all local governing entities to submit information by December 1 annually, including administrative details (governing board terms, official name, address, taxes and fees imposed), financial information (adopted budget and budget-to-actual comparison), and debt obligation details (cumulative amount, average term length, and average interest rate).

Entities must submit initial information for calendar year 2015 by March 1, 2015, and report the date of their last independent audit; county clerks and state tax commission must submit lists of taxing districts by December 1 each year.

Imposes penalties for noncompliance including: 30-day notification and cure period, public notice in newspapers, budget increase restrictions, potential withholding of sales tax distributions for subsequent failures, and noncompliance fees up to $5,000 for entities not subject to standard penalties.

Takes effect January 1, 2015; does not apply to entities governed by section 33-701, Idaho Code, and does not affect existing state tax commission reporting requirements.