Modifies community improvement district duties, including budget submission, annual reporting, and compliance grading.
This bill modifies provisions governing community improvement districts. It requires districts to submit a proposed annual budget to the municipality and relevant state agencies. The report must include details on services, revenues, expenditures, and meeting dates. The state auditor calculates a compliance grade based on reporting accuracy and posts it on their website. The bill also outlines procedures for district termination and the handling of remaining funds.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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