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MI HB6372
Bill
Status
11/12/2020
Primary Sponsor
Jeffrey Yaroch
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AI Summary
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Amends the Revenue Bond Act of 1933 to modify public notice requirements for ordinances and bond issuances by public corporations.
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Through December 31, 2021, requires ordinances to be published in a newspaper of general circulation; beginning January 1, 2022, requires notice to be posted according to the local government public notice act.
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Through December 31, 2021, requires notice of intent to issue bonds to be published in a newspaper; beginning January 1, 2022, requires notice to be posted per the local government public notice act.
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Changes references to the Home Rule City Act (1909 PA 279) from outdated citations to current Michigan Compiled Laws format (MCL 117.25 and MCL 117.5).
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Takes effect only if Senate Bill No. ____ or House Bill No. 6440 is also enacted into law.
Legislative Description
State financing and management: bonds; public notice provisions in the revenue bond act of 1933; revise to make reference to the local government public notice act. Amends secs. 6 & 33 of 1933 PA 94 (MCL 141.106 & 141.133). TIE BAR WITH: HB 6440'20
State financing and management: bonds
Last Action
Bill Electronically Reproduced 11/18/2020
11/18/2020