Wednesday, March 5, 2014

How common are mandatory state registries of special districts?

The Idaho Legislature is currently considering legislation that would require registration of all local special districts with state.  The registration would require, in part, the following information:

(a) Administrative information:

(i) The terms of membership and appointing authority for the governing board member of the local governmental entity;
(ii) The official name, mailing address and electronic mailing address of the entity;
(iii) The fiscal year of the entity;
(iv) Except for cities and counties, the section of Idaho Code under which the entity was established, the date of establishment, the establishing entity and the statute or statutes under which the entity operates, if different from the statute or statutes under which the entity was established.

(b) Financial information:

(i) The most recent adopted budget of the entity; and
(ii) An unaudited comparison of the budget to actual revenues and expenditures for the most recently completed fiscal year.

(c) Bonds or other debt obligation information:

(i) The cumulative dollar amount of all bonds or other debt obligations issued or incurred by the entity; and
(ii) The average length of term of all bond issuances or other debt obligations and the average interest rate of all bonds or other debt obligations.

I wonder how common such state registries of special districts are?  Are these ubiquitous, or would this be something new?  Anyone out there know?

Stephen R. Miller

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Hi Stephen,

I know Georgia requires this for public authorities.

Posted by: Chris Goodman | Mar 5, 2014 1:10:14 PM

Thanks, Chris. That is very helpful!

Posted by: Stephen R. Miller | Mar 6, 2014 8:30:54 AM