S.F. No. 953 (First Engrossment) provides a process for transitioning activities and funds from a neighborhood revitalization program to the city. A process for terminating a neighborhood revitalization program is provided. This bill only applies to programs in cities of the first class.
A neighborhood revitalization program created by a city of the first class can only be terminated according to the process set forth. Funds dedicated for neighborhood revitalization program activities and received by the program prior to January 1, 2011, as well as other specified funds, that are retained by the neighborhood, the program, or the city may only be spent for purposes provided in law and in accordance with the process in law.
When the agreement creating the policy board terminates on or after December 31, 2011, the existing members of the policy board must continue to operate the program under the terms of the agreement for providing the functions and oversight of the program as required by law. This continuation is in effect until all contracts are transferred, as described below.
The policy board must oversee and manage contracts necessary for implementing neighborhood action plans and to conduct board activities until contracts are entered into that obligate all remaining funds. Once contracts are executed, the duties and obligations of the contracts may be transferred to another entity. Once all contracts are transferred, the city may terminate the program.
The bill is effective the day following final enactment.