MI HB4026

Redefines "port facilities" to focus on structures and improvements alongside navigable water used for cargo loading/unloading, vessel operation support, cargo handling and storage, and assembly or processing of goods in maritime transport, removing the previous extensive list of specific facility types.

Adds restrictions preventing port authorities from interfering with state-owned infrastructure or improvements connected to commercially navigable waters used for state infrastructure construction, maintenance, or operation.

Expands authority powers to include financing of projects and allows authorities to consider recommendations from the state transportation department (removing reference to department of commerce) when incorporating new authorities.

Clarifies that port authorities are not exempt from property taxes when a private enterprise operates or leases the property as a lessee or concessionaire, despite lease or concession agreement terms.

Modernizes statutory language by replacing "shall" with "is," "must," or "are" throughout the act and restructures Section 9 to list authority powers in a numbered format for clarity.