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MI HB6087

Bill

Official Source

Status

Passed

12/31/2018

Primary Sponsor

Ben Frederick

Click for details

Origin

House of Representatives

99th Legislature

AI Summary

  • Allows local road agencies and public transportation systems to borrow money from a state infrastructure bank program administered by the Michigan Department of Transportation
  • Borrowing must comply with regulations of the United States Department of Transportation's state infrastructure bank program
  • Defines "local road agency" by reference to section 9a of the existing transportation act
  • Defines "public transportation system" by reference to the regional transit authority act (2012 PA 387, MCL 124.542)
  • Takes effect 90 days after enactment

Legislative Description

Transportation; funds; state infrastructure bank; allow for municipalities to borrow money from. Amends 1951 PA 51 (MCL 247.651 - 247.675) by adding sec. 18m.

Local government: financing

Last Action

Assigned Pa 507'18

12/31/2018

Committee Referrals

Transportation12/11/2018
Transportation And Infrastructure5/29/2018

Full Bill Text

No bill text available