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MI SB1330
Bill
AI Summary
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Amends the downtown development authority law to expand the definition of "public facility" to explicitly include heated sidewalks as an eligible use of tax increment financing revenues.
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Allows downtown development authorities to acquire, construct, improve, and operate heated sidewalk systems within development areas using captured tax increment revenues.
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Maintains all existing provisions regarding downtown development authorities' powers, tax increment financing mechanisms, and eligible obligations for public improvements.
Legislative Description
Economic development; downtown development authorities; heated sidewalks; include in definition of public facility. Amends sec. 1 of 1975 PA 197 (MCL 125.1651).
Economic development, downtown development authorities
Last Action
Referred To Committee Of The Whole
6/22/2010