Introduced
by
To expand the <a href="http://www.michiganvotes.org/2005-SB-34">2005 law</a> authorizing local “corridor improvement authorities” that can borrow for various spending projects (generally but not necessarily related to mass transit), and then repay the loans with revenue from special assessments (property taxes) or “tax increment” financing schemes. The bill would also authorize “joint” versions of these created by more than one local government.
Referred to the Committee on Local, Intergovernmental, and Regional Affairs
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 100 to 6 (details)
Referred to the Committee on Local Government and Elections
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that limits it to Ann Arbor and neighboring communities.
The substitute passed by voice vote
Passed in the Senate 25 to 12 (details)
To allow Ann Arbor and adjacent communities to create a multi-government “corridor improvement authority,” a type of entity authorized by a <a href="http://www.michiganvotes.org/2005-SB-34">2005 law</a>, which can can borrow for various government spending projects (generally but not necessarily related to mass transit), and then repay the loans with money levied in "special assessments" (property taxes), or with tax revenue "captured" from other local governments with “tax increment financing" schemes..
Passed in the House 101 to 9 (details)
To concur with the Senate-passed version of the bill, which limits its application to Ann Arbor.
