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MI SB0711
Bill
AI Summary
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Amends the Hertel-Law-T. Stopczynski port authority act to revise definitions of "port facilities" and "project," excluding bridges and tunnels from port authority jurisdiction.
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Removes the authority's power of condemnation to acquire property, and modifies language regarding property acquisition to purchase or lease only.
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Expands port authority powers to include public-private partnerships for authorities created before the effective date, and clarifies the executive director position as the chief executive officer.
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Adds new Section 16a restricting revenue bond issuance: authorities cannot finance non-authority-owned projects unless located within 5 miles of commercially navigable waters providing access to port facilities within the authority's jurisdiction.
Legislative Description
State financing and management; authorities; port authority act; revise. Amends secs. 2, 8 & 9 of 1978 PA 639 (MCL 120.102 et seq.).
State financing and management: authorities
Last Action
Referred To Committee On Commerce And Trade
6/12/2018