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MI HB5261
Bill
Status
1/27/2016
Primary Sponsor
Triston Cole
Click for details
AI Summary
HB 5261 Summary
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Adds new subdivision (v) to MCL 46.11, allowing county boards of commissioners to loan funds to townships for road construction projects or to provide matching funds for joint county-township projects.
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Loan terms granted under this authority cannot exceed 10 years.
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Changes language in subdivision (e) from "those funds" to "any funds" authorized by law for county borrowing and taxation.
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Removes a comma in subdivision (f) relating to loan repayment procedures for county buildings.
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Takes effect 90 days after enactment.
Legislative Description
Transportation; funds; funding for township road construction projects; provide for. Amends sec. 11 of 1851 PA 156 (MCL 46.11).
Highways: construction and repair
Last Action
Re-referred To Committee On Local Government
3/10/2016