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2010 House Bill 5989: Authorize new transit-related spending, tax breaks and subsidies

Public Act 239 of 2010

Introduced by Rep. Gail Haines (R) on March 24, 2010
To give local "local development financing act" authorities the power to borrow and spend on infrastructure projects and subsidies that promote the use of mass transit and are within a half mile of a transit station. The debt is paid by "capturing" a portion of increased property taxes that would otherwise be available to local governments to pay for their own operations (or for tax cuts).   Official Text and Analysis.
Referred to the House Intergovernmental, Urban And Regional Affairs Committee on March 24, 2010
Reported in the House on June 29, 2010
Without amendment and with the recommendation that the bill pass.
Passed 80 to 24 in the House on September 23, 2010.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To give local "local development financing act" authorities the power to borrow and spend on infrastructure projects and subsidies that promote the use of mass transit and are within a half mile of a transit station. The debt is paid by "capturing" a portion of increased property taxes that would otherwise be available to local governments to pay for their own operations (or for tax cuts).
Received in the Senate on September 28, 2010
Referred to the Senate Commerce & Tourism Committee on September 28, 2010
Reported in the Senate on November 9, 2010
With the recommendation that the bill pass.
Passed 34 to 0 in the Senate on December 2, 2010.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To give local "local development financing act" authorities the power to borrow and spend on infrastructure projects and subsidies that promote the use of mass transit and are within a half mile of a transit station. The debt is paid by "capturing" a portion of increased property taxes that would otherwise be available to local governments to pay for their own operations (or for tax cuts).
Signed by Gov. Jennifer Granholm on December 14, 2010

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