SB 6715 - DIGEST

Provides that the ordinances enacted by the legislative authorities creating the joint housing authority shall prescribe the procedure for dissolution or deactivation of a joint housing authority and any other matters necessary to effectuate the dissolution or deactivation of a joint housing authority, including distribution of the assets, liabilities, and obligations of a joint housing authority to the original activating governing bodies for the limited purposes of winding up the affairs of a deactivated joint housing authority or transferring assets, obligations, or liabilities to the housing authority of a city, town, or county.