Commission on Local Government approves draft regulations to implement SB645 on fiscally distressed localities
The Commission on Local Government voted unanimously July 18 to approve draft regulations (1VAC50-30) implementing 2024 legislation SB645 on fiscally distressed localities; staff noted emergency regulations are already in effect and the proposed-stage text is identical. Staff also reported awarding an RFP to eight firms for fiscal turnaround services.
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The Commission on Local Government voted unanimously on July 18 to approve draft regulations (1VAC50-30) to implement 2024 legislation SB645 governing state intervention in fiscally distressed localities.
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