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MI HB5314

Bill

Official Source

Status

Passed

12/31/2020

Primary Sponsor

Gregory Markkanen

Click for details

Origin

House of Representatives

100th Legislature

AI Summary

  • Amends the County Road Law to authorize county road commissions to enter into contracts or agreements for purchasing real or personal property for public purposes, payable in installments over up to 30 years or the useful life of the property, whichever is shorter.

  • Allows real or personal property purchased under these agreements to serve as collateral to support the purchase contract or agreement.

  • Effective date: March 24, 2021.

Legislative Description

Counties: other; provision related to contracts or agreements for the purchase of real or personal property for public use; modify. Amends sec. 10, ch. IV of 1909 PA 283 (MCL 224.10).

Counties: other

Last Action

Assigned Pa 286'20

12/31/2020

Committee Referrals

Transportation And Infrastructure6/25/2020
Ways And Means1/21/2020
Transportation1/9/2020

Full Bill Text

No bill text available