MI HB5708

Authorizes local units of government (counties, townships, cities, villages) to establish voluntary property assessment programs and create districts to finance energy efficiency, renewable energy, environmental hazard mitigation, and water usage improvement projects on privately owned noncommercial, nonindustrial property.

Allows property owners to finance or refinance projects through assessments repaid via summer and winter tax bills, with assessment terms not to exceed the expected useful life of the project and liens running with the property until paid in full.

Requires local units to adopt resolutions establishing programs, hold public hearings, prepare detailed reports covering contracts, eligibility requirements, repayment methods, and quality assurance measures, and verify no delinquent taxes or prior assessments exist before entering contracts.

Permits local units to issue tax-exempt bonds or notes secured by assessment payments, reserves, municipal bond insurance, or other available funds to finance projects, subject to the revised municipal finance act.

Authorizes local units to advance funds from state water pollution control and drinking water revolving funds, and allows joint implementation of programs with other local units, the Michigan finance authority, or multistate programs.