FIREFLY ADMIN INC.
  • HOME
  • SERVICES
  • ABOUT
    • LOSAP
    • CORE PRINCIPLES
  • BLOG
  • CONNECT
    • CONTACT US
    • SECURE FILE UPLOAD
  • ShareFile

Daily Douse

Amending the LOSAP point system

3/19/2019

0 Comments

 
The sponsor of a LOSAP can amend the point system. The Board must adopt a resolution approving the new point system. If the change makes it easier to earn 50 points by either increasing the number of points awarded for an activity, or decreasing the amount of activity required to earn points for the activity, then the newly adopted point system must also be approved by referendum (i.e., an election).

In addition, the change must be effective prospectively only on the next following January 1st. For example, if the resolution adopted by the Board and the possible referendum of the voting residents all occurs during 2019, then the new point system would be effective January 1, 2020.

This can be a challenge, especially when a sponsor finds that the point system is not in compliance with the current version of the statute. The statute has changed several times over the years, and often the sponsor has not updated the point system to reflect the change in the statute. 

We suggest working with your local attorney to decide the best approach to implementing a change to the point system, in particular when there is an apparent non-compliance issue to be corrected.
0 Comments



Leave a Reply.

    Archives

    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019

    Categories

    All
    Budgets & Costs
    COVID-19
    GASB & Accounting
    General
    LOSAP Point System
    Random

Picture
  • HOME
  • SERVICES
  • ABOUT
    • LOSAP
    • CORE PRINCIPLES
  • BLOG
  • CONNECT
    • CONTACT US
    • SECURE FILE UPLOAD
  • ShareFile