The Department of Defense (DoD) is seeking public comment on a proposal submitted to the Office of Management and Budget (OMB) regarding the collection of information related to Revitalizing Base Closure Communities. This proposal would require Local Redevelopment Authorities (LRAs) that have received property from closed military installations to reinvest proceeds from its use to support economic redevelopment for at least seven years. The DoD aims to ensure compliance through annual financial statements. Comments can be submitted online by February 18, 2021.
Simple Explanation
The Defense Department wants to make sure that when they give old military places to towns to redevelop, the towns use the money from them to help the community grow for seven years. They're asking people to read their plan and say what they think by February 18, 2021.