Municipal utilities bill regulates transfers of public utility earnings to a municipality's general fund.

The bill creates section 366.16 in Florida Statutes, allowing a municipality to transfer up to 10% of its public utility earnings to its general fund for specified purposes. The percentage varies based on whether the utilities serve customers within or outside the municipality. These percentages must be established by local referendum with a majority vote. Exceptions are made for disasters or emergencies, where a four-fifths vote can allow higher percentages, repayable within three fiscal years.

Municipal utilities bill regulates transfers of public utility earnings to a municipality's general fund.

The bill creates section 366.16 in Florida Statutes, allowing a municipality to transfer up to 10% of its public utility earnings to its general fund for specified purposes. The percentage varies based on whether the utilities serve customers within or outside the municipality. These percentages must be established by local referendum with a majority vote. Exceptions are made for disasters or emergencies, where a four-fifths vote can allow higher percentages, repayable within three fiscal years.