HB 100

Under the current Municipal Energy Authority Act, an authority's board of directors must hold regular monthly meetings and special meetings as may be necessary for the t ransaction of business of the authority. Board members are allowed necessary travel and other expenses while engaged in the business of the board, plus an allowance for attendance at meetings in the same manner and to the same extent as is provided for d i rectors of municipal electric systems, which is an allowance not to exceed $300 per month for meeting attendance. Travel expenses constitute a cost of operation and maintenance of the authority. This bill provides that board members are allowed to recei ve an additional allowance not to exceed $50 per month for attendance at meetings for each additional utility system over which the board has jurisdiction. However, the total additional allowances must not exceed $150 per month. This bill provides that the authorization for travel compensation set forth above supplements authorization provided to the board of directors or other supervisory board of an energy authority or utility authority created by a private act of the general assembly and is applicab l e to the extent provided by such board.