MI SB0448

Creates a road investment incentive program administered by the Michigan Department of Transportation to provide dollar-for-dollar matching grants to local road agencies for construction, maintenance, or repair of highways, roads, streets, and bridges

Requires local road agencies to use non-federal and non-state funds to match the grants received under the program

Caps total grants awarded under the program at an amount equal to 1 mill per dollar of taxable value of all taxable property statewide

Mandates the department establish and publicly post application, decision, award, and distribution criteria on its website

Requires local road agencies receiving grants to annually verify the amount and source of local road funds used for matching purposes