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MI HB6423
Bill
Status
11/12/2020
Primary Sponsor
Steven Johnson
Click for details
AI Summary
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Amends MCL 247.702 to change how cities and villages must notify the public when borrowing money against future highway fund payments.
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Requires a 2/3 majority vote of the governing body to approve borrowing resolutions (existing requirement maintained).
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Before January 1, 2022, resolutions must be published in a daily or weekly newspaper of general circulation in the municipality.
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Beginning January 1, 2022, notice of the resolution must be posted according to the local government public notice act instead of newspaper publication.
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Does not take effect unless Senate Bill No. ____ or House Bill No. 6440 is also enacted into law.
Legislative Description
Transportation: funds; public notice of resolution by city or village to borrow money in anticipation of future payments from highway fund; require as provided in the local government public notice act. Amends sec. 2 of 1952 PA 175 (MCL 247.702).
Local government: other
Last Action
Bill Electronically Reproduced 11/18/2020
11/18/2020