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Senate Bill 567

Enrolled Senate Bill (S)

DIGEST

Redevelopment commissions and authorities. Requires a redevelopment commission or redevelopment authority to hold an organizational meeting on a day that is not a Saturday, a Sunday, or a legal holiday and that is their first meeting day of the year. Provides that the fiscal officer of a redevelopment commission may disburse funds only after the disbursement is approved by the redevelopment commission. Allows a redevelopment commission to specify types of disbursements that the fiscal officer may make in advance of the commission's approval at its next regular meeting. Requires the treasurer of a redevelopment commission to report annually to the Redevelopment commissions and authorities. Requires a redevelopment commission or redevelopment authority to hold an organizational meeting on a day that is not a Saturday, a Sunday, or a legal holiday and that is their first meeting day of the year. Provides that the fiscal officer of a redevelopment commission may disburse funds only after the disbursement is approved by the redevelopment commission. Allows a redevelopment commission to specify types of disbursements that the fiscal officer may make in advance of the commission's approval at its next regular meeting. Requires the treasurer of a redevelopment commission to report annually to the redevelopment commission before April 1 (rather than reporting to the fiscal body of the unit before July 1, under current law). Requires the treasurer of a redevelopment authority to report annually to the redevelopment authority before April 1 (rather than reporting to the fiscal body of the unit before July 1, under current law). Requires redevelopment commissions and redevelopment authorities to report annually to the unit's executive and fiscal body and the department of local government finance before April 15. Specifies that certain information currently reported annually by redevelopment commissions before August 1 shall instead be included with the April 15 report. Specifies information to be included in the annual report of a redevelopment authority. ... View more