Bill > SB330

This bill addresses the management and governance of certain municipal water works boards, with a focus on those serving customers across multiple counties. The legislation aims to improve the efficiency, accountability, and representation of these water boards by establishing a new regional board structure. Under the new framework, boards will have seven directors appointed by different government officials, including the mayor, Lieutenant Governor, county officials, and the Governor, with specific requirements for their professional backgrounds and qualifications. The bill mandates that directors have expertise in finance, engineering, or general business, serve five-year terms with term limits, and receive monthly compensation. Additionally, the legislation requires regional boards to follow strict financial reporting practices, retain a consulting engineer, prioritize customer benefits, and prohibit transfers of funds to municipalities without reasonable consideration. The bill stems from concerns about water system management failures in various cities and seeks to ensure that water works boards operate transparently, efficiently, and exclusively for the benefit of their customers, with enhanced oversight and professional management.