PMAA had this amendment, to extend the time for filing with DCED, added to several bills for several sessions, and was successful in having it reach final passage in this bill. No matter when an authority’s fiscal year ends, it has 180 days to submit the report to DCED. In addition, the bill extends the time requirement for submission of an authority’s annual financial report to the Department of Community and Economic Development (DCED). HB 264 (Act 4-2019) establishes best financial practices, specifically monies collected by the authority are deposited into a designated account, remitted in the name of the authority or designated recipient (not the name of an individual) and the bill also requires an authority to establish procedures for the billing and collection of monies. ![]() Latest changes to the Municipality Authorities Act Municipality Authorities Act – Governing Act of municipal authorities in the Commonwealth of Pennsylvania.
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