Plain English Breakdown
The official source material does not provide information on whether the bill specifies consequences for failing to meet the new deadline or how it will affect operations.
Shortening Budget Preparation Time for Water Authorities
This bill changes the time limit from 60 to 45 days for water and wastewater treatment authorities' executive directors to prepare and submit annual operating budgets.
What This Bill Does
- Changes the deadline for preparing and submitting an annual budget for water and wastewater treatment authorities from 60 days to 45 days.
Who It Names or Affects
- Executive directors of water and wastewater treatment authorities
- Boards of commissioners responsible for approving budgets
Terms To Know
- Fiscal Year
- A period used for budgeting and financial reporting, usually a calendar year but can start at any time.
- Operating Budget
- A plan that shows how much money an organization expects to spend on its day-to-day activities during a specific period.
Limits and Unknowns
- The bill does not specify what happens if the budget is not submitted by the new deadline.
- It's unclear how this change will affect the operations of water and wastewater treatment authorities.