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6-54-124 - Community development block grant funds Payments in lieu of property taxes Reports of expenditures.

6-54-124. Community development block grant funds Payments in lieu of property taxes Reports of expenditures.

(a)  A municipality that is the recipient of community development block grant funds shall make a report concerning the expenditure of such funds. The municipality shall place a copy of such report in the main branch of the public library located within the boundaries of the municipality. A municipality that permits access to public information through the internet may also place such report on the municipality's homepage.

(b)  A municipality or an industrial development corporation formed by such municipality that is a party to an agreement that involves a payment in lieu of property taxes shall make a report concerning such agreement and the expenditure of such funds. The municipality shall place a copy of such report in the main branch of the public library located within the boundaries of the municipality. A municipality that permits access to public information through the internet may also place such report on the municipality's homepage.

[Acts 1997, ch. 447, § 1.]  

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