S508 - 2023 Budget Technical/Other Corrections. (SL 2024-1)

Overview: Section 1.1 of S.L. 2024-1 expands the accounting requirements for local governments and public authorities to authorize the budgeting of settlement projects in project ordinances. A "settlement project" is defined as "a project financed in whole or in part by revenues received pursuant to an order of the court or other binding agreement resolving a legal dispute."

This section became effective July 1, 2023.