MI SB1274

Changes the state fiscal year starting date from October 1 to July 1 of each year.

Defines "operations" as office maintenance, employee salaries and expenses, office supplies, consultation fees, design costs, and daily management expenses of the water resource improvement tax increment finance authority.

Defines "public facility" to include streets, parks, parking facilities, recreational facilities, waterways, bridges, utility lines, and buildings related to access to inland lakes or water resource improvements, with requirements for barrier-free design compliance.

Defines "water resource improvement" to include elimination of aquatic nuisance species, sewer systems for structures with failing disposal systems, and storm water systems for existing infrastructure, but excludes chemical treatment for nuisance control.

Defines "water resource improvement district" as an inland body of water and surrounding land up to 1 mile from the shoreline of an inland lake with public access points, or contiguous parcels without public access points.

Takes effect only if Senate Bill No. 1281 of the 95th Legislature is enacted into law.