Introduced
by
To modify the bonding authority for mass transit system authorities so as to conform with changes made to the Municipal Finance Act by Senate Bill 29, now Public Act 34 of 2001. That bill made important changes to the procedures, requirements, and restrictions imposed on borrowing and debt issuance by local units of government and governmental authorities. For more information on those changes see the description of Senate Bill 29. This is one of more than 100 House and Senate bills amending different public acts to conform with the new law.
Referred to the Committee on Tax Policy
Passed in the House 99 to 0 (details)
Passed in the Senate 35 to 0 (details)
