Economic growth-sharing; review of agreements.

Provides that all economic growth-sharing agreements between localities shall require, at least annually, a report from each locality that is a recipient of funds pursuant to the agreement to each of the other governing bodies of the participating localities that includes (i) the amount of money transferred among the localities pursuant to the agreement and (ii) the uses of such funds by the localities. The bill also provides that the parties to any growth-sharing agreement that has been in effect for at least 10 years and that has annual payments that exceed $5 million shall also convene an annual meeting to discuss anticipated future plans for economic growth in the localities.