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MI SB1280

Bill

Official Source

Status

Introduced

4/21/2010

Primary Sponsor

Samuel Thomas

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Origin

Senate

95th Legislature

AI Summary

SB 1280 Summary

  • Amends the Local Development Financing Act (1986 PA 281) to update and clarify definitions related to tax increment financing authorities and their operations

  • Changes the definition of "state fiscal year" from beginning October 1 to beginning July 1 of each year

  • Corrects technical reference from MCL 211.157 to MCL 211.155 in the general property tax act citation

  • Bill takes effect only if Senate Bill No. 1281 of the 95th Legislature is enacted into law (tie-bar provision)

Legislative Description

Legislature; other; change in fiscal year; update references in the local development financing act. Amends sec. 2 of 1986 PA 281 (MCL 125.2152). TIE BAR WITH: SB 1281'10

Legislature, other

Last Action

Referred To Committee On Appropriations

4/21/2010

Committee Referrals

Appropriations4/21/2010

Full Bill Text

No bill text available