“PUBLIC TRANSPORTATION CORP.”                                           S.B. 704: FLOOR ANALYSIS

Senate Bill 704 (as reported without amendment) Sponsor: Senator Walter H. North

Committee: Financial Services

CONTENT

The bill would amend Public Act 35 of 1951, which authorizes intergovernmental contracts between municipalities, to expand the Act’s definition of “public transportation corporation”. Currently, “public transportation corporation” means a nonprofit corporation organized pursuant to the Nonprofit Corporation Act, whose primary purpose is providing public transportation services. The bill would include in the definition a nonprofit corporation that received funding from the specialized services assistance program under the Michigan Transportation Fund Act.

Public Act 35 of 1951, among other things, authorizes municipal corporations to form self-insurance pools and, for this purpose, defines “municipal corporation” to include a public transportation corporation.

MCL 124.1                                                                                       Legislative Analyst: P. Affholter

FISCAL IMPACT

The bill would have no fiscal impact on State or local government.

Date Completed: 4-26-96                                                                            Fiscal Analyst: R. Ross

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This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.