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MI HB6049
Bill
Status
12/2/2014
Primary Sponsor
Amanda Price
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AI Summary
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Amends Section 5 of the Industrial Development Revenue Bond Act of 1963 to modify public notice requirements for bond issuances.
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Through December 31, 2014, resolutions authorizing bond issuances must be published once in a newspaper of general circulation within the municipality.
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Beginning January 1, 2015, resolutions authorizing bond issuances must instead comply with tier A public notice requirements under the Local Government Public Notice Act.
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Makes technical corrections to existing statutory language, including replacing "said" with "the," "thereon" with "on the bonds," and "moneys" with "money."
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Effective only if Senate Bill No. ___ or House Bill No. 5560 is enacted into law.
Legislative Description
Economic development; other; public notice provisions of the industrial development revenue bond act of 1963; revise to make reference to the local government public notice act. Amends sec. 5 of 1963 PA 62 (MCL 125.1255). TIE BAR WITH: HB 5560'14
Economic development, other
Last Action
Printed Bill Filed 12/03/2014
12/3/2014