Relating to municipalities that have failed to complete required financial audits for multiple years

Summary

The bill gives the State Auditor authority to assess municipalities that have failed to complete required financial audits for three consecutive years and to determine if they can recover financially. If recovery is unlikely, the auditor can move the municipality toward dissolution, with specific notice and receiver duties outlined. It also clarifies what constitutes a fiscal emergency and how utility services are affected by dissolution.

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

Topics

Share