Quick Takes: HB 257- The “Death Sentence” and How To Avoid It
Compliance is the issue with HB 257, which will become law on July 1 unless vetoed by the Governor.
A development authority or other local government authority which fails to comply with it will not be able to issue bonds (incur any debt or credit obligations) or receive state funds until it is in compliance. Compliance means that the authority has filed its annual authority registration and its annual report of authority finances. DCA has indicated that, to be in compliance, at least the filings for the current year and the immediately preceding two years must have been filed. [Read more…] about HB 257- The “Death Sentence” and How To Avoid It