Relating to the requirements for interlocal contracts.

HB 5370 requires local governments entering interlocal contracts (agreements between municipalities or counties) to include three specific elements: a clear statement of purpose and responsibilities, authorization by governing bodies (with a limited exception for small utility contracts under $100,000), and confirmation that payments will come from current revenues, not future funds. It directly affects cities, counties, and utility providers entering such agreements. The law applies only to new contracts signed on or after September 1, 2025, leaving existing contracts governed by prior rules. This aims to increase transparency and fiscal accountability in shared service agreements between local entities.