This bill makes several revisions regarding the area of law concerning development authorities. These revisions include: Providing a development authory's director hold over period can not exceed six months; Clarifies local law may provide additional provisions for a particular authority; Requires annual training for authority directors and members; and allows for contractor lien rights on property held by authorities. 

This bill is a result of recomendations by the Senate Study Committee on Development Authorities and Downtown Development Authorities