County and municipal authorities can withdraw from multi-jurisdiction authorities and establish successor entities.
This bill allows the governing body of a county or municipality to withdraw from a multi-jurisdiction authority if it has no outstanding debt. The authority must remit a portion of its unencumbered monies to the withdrawing entity. The withdrawing entity can establish a successor entity, further provide for the distribution or use of certain monies, and adjust tax rates by up to two percent. The act becomes effective on October 1, 2026.
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