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.

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.