Requires the state auditor to notify the state and county treasurers of special purpose districts that have not timely filed the required annual financial report for the current year.

Prohibits the state treasurer from distributing local sales and use taxes imposed by the special purpose district to the district until the state treasurer is notified that the district is compliant.

Prohibits county treasurers from distributing regular property taxes imposed by the special purpose district, or other charges the county collects on behalf of the district, to the district until the county treasurer is notified that the district is compliant.