Local government; require municipalities to remit a portion of revenue generated through certain franchise agreements to the county in which they are located

Summary

The bill amends state law to require cities and towns to send a quarter of the money they earn from franchise agreements with electric light or power companies to the county in which they are located. If a municipality lies in more than one county, the payment is split among those counties based on each county’s unincorporated population. The change also repeals any conflicting statutes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share