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MI HB6026
Bill
Status
12/2/2014
Primary Sponsor
Amanda Price
Click for details
AI Summary
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Amends the Revenue Bond Act of 1933 to revise public notice requirements for ordinances relating to revenue bonds and public improvements.
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Through December 31, 2014, ordinances must be published in a newspaper of general circulation; beginning January 1, 2015, governing bodies must provide tier B public notice under the Local Government Public Notice Act.
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Modifies bond issuance notice procedures, requiring tier B public notice beginning January 1, 2015, replacing previous newspaper publication requirements.
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Maintains the 45-day petition period for referendum on bond issuance, with signature verification requirements tied to the Home Rule City Act (1909 PA 279, MCL 117.25).
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Takes effect only if Senate Bill No. ____ or House Bill No. 5560 is enacted into law.
Legislative Description
State financing and management; bonds; public notice provisions in the revenue bond act of 1933; revise to make reference to the local government public notice act. Amends secs. 6 & 33 of 1933 PA 94 (MCL 141.106 & 141.133). TIE BAR WITH: HB 5560'14
State financing and management, bonds
Last Action
Printed Bill Filed 12/03/2014
12/3/2014