Loading chat...
MI SB1275
Bill
AI Summary
-
Amends the Corridor Improvement Authority Act (2005 PA 280) by updating definitions in Section 3 (MCL 125.2873).
-
Changes the state fiscal year start date from October 1 to July 1 of each year.
-
Modifies the qualified development area construction deadline from "2 years after the effective date" to a specific deadline of July 17, 2009.
-
Adds definition of "distressed area" requiring a local governmental unit with 700,000+ population, negative population change since 1970, below-average property value growth since 1972, above-average poverty rate, and above-average unemployment rate.
-
Contains a tie-bar provision making the bill contingent on enactment of Senate Bill No. 1281 of the 95th Legislature.
Legislative Description
Legislature; other; change in fiscal year; update the corridor improvement authority act. Amends sec. 3 of 2005 PA 280 (MCL 125.2873). TIE BAR WITH: SB 1281'10
Legislature, other
Last Action
Referred To Committee On Appropriations
4/21/2010