Introduced by Rep. Jim Townsend D-Royal Oak on April 24, 2012
To explicitly authorize Downtown Development Authorities to borrow and spend on projects benefiting, and subsidies to, developers of “transit-oriented facilities” and “transit-oriented development.” Money to repay DDA loans is “captured” from a portion of tax revenues that local governments levy to pay for their own operations and services. Official Text and Analysis.
Referred to the House Transportation Committee on April 24, 2012