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IN SB0567
Bill
AI Summary
SB0567 Summary
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Changes the annual organizational meeting requirement for redevelopment commissions from the first day of January to a day that is not a Saturday, Sunday, or legal holiday and that is their first meeting day of the year.
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Modifies the reporting deadline for redevelopment commission treasurers from July 1 to April 1 each year when reporting to the fiscal body.
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Requires redevelopment commissions to approve fund disbursements before the fiscal officer disburses funds, but allows commissions to pre-authorize certain types of disbursements by rule or resolution before the next regular meeting.
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Changes the deadline for redevelopment commissions to file annual activity reports with the executive and fiscal body from March 15 to April 15 of each year.
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Shifts the deadline for commissions to provide written notice regarding excess assessed value allocation from July 15 to July 1 of each year, and requires notices be submitted to the department of local government finance in electronic format.
Legislative Description
Redevelopment commissions and authorities. Requires a redevelopment commission or redevelopment authority to hold an organizational meeting on a day that is not a Saturday, a Sunday, or a legal holiday and that is their first meeting day of the year. Provides that the fiscal officer of a redevelopment commission may disburse funds only after the disbursement is approved by the redevelopment commission. Allows a redevelopment commission to specify types of disbursements that the fiscal officer may make in advance of the commission's approval at its next regular meeting. Requires the treasurer of a redevelopment commission to report annually to the
Last Action
Public Law 87
4/29/2015