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MI HB5558
Bill
Status
4/24/2012
Primary Sponsor
Jim Townsend
Click for details
AI Summary
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Adds definitions for "transit-oriented development" and "transit-oriented facility" to Michigan's downtown development authority law.
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Expands the definition of "public facility" to include transit-oriented development and transit-oriented facilities within 1/2 mile of transit stations.
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Allows downtown development authorities to use tax increment financing revenues to fund infrastructure improvements that promote transit ridership or passenger rail use.
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Defines transit-oriented improvements as those located within 1/2 mile of a transit station or facility, subject to board approval and municipal authorization.
Legislative Description
Economic development; downtown development authorities; use tax increment funds for transit-oriented development and facilities; provide for. Amends sec. 1 of 1975 PA 197 (MCL 125.1651).
Transportation, other
Last Action
Printed Bill Filed 04/25/2012
4/25/2012