SB-0740 Summary

• Modifies board composition for corridor improvement authorities to include up to 3 individuals appointed by each chief executive officer in joint authorities created by 2 or more municipalities.

• Establishes initial staggered terms of 2, 3, or 4 years for joint authority board members, with subsequent terms of 4 years.

• Allows authority rules of procedure to permit public officials to serve on the board in their official capacity, with board terms expiring upon the official's departure from office.

• Clarifies that business improvement district board boundaries matching development area boundaries allows BID members to serve as authority board members, with at least 1 resident from the development area or within 1/2 mile required.

• Requires monthly publicized expense reports and maintains public access to financial records and authority documents under freedom of information and open meetings laws.