Reduces allowed diversion of funds from stormwater, water, and sewer purposes to municipal and county budgets.
This bill reduces the allowed transfer of funds from stormwater, water, and sewer utilities to municipal and county budgets from five percent to three percent of the utility's annual operating costs. It also requires municipalities and counties to notify the Division of Local Government Services whenever they transfer funds from these utilities or appropriate funds from a water or sewer authority.
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