CERTAIN MUNICIPAL BONDS
House Bills 5968-5995
Sponsor: Rep. John Pappageorge
Committee: Tax Policy
Complete to 11-14-00
A SUMMARY OF HOUSE BILLS 5968-5995 AS INTRODUCED 9-27-00
House Bill 5968 would amend the Municipal Finance Act (MCL 135.10) to require a municipality to publish a notice of intent to issue bonds whenever it pledged any portion of its general fund and issued any bond other than a general obligation bond or a revenue bond under the act, and to allow voters to petition for a referendum on such a bond issue. Each of the other bills would amend a separate act to refer to the provisions in House Bill 5968.
The notice of intent, which would have to be at least one-quarter page in size in the newspaper, would be directed to the voters of the municipality, be published in a newspaper that had a general circulation in the municipality, and would have to state the maximum amount of bonds to be issued, the purpose of the bonds, the source of payment, the right of referendum on the bonds, and other information the local governing body determined necessary to adequately inform the voters of the nature of the issue. The notice of intent would also have to state what portion of the general fund revenues of the municipality would be used to back the bonds and state any limitations on the use of general fund revenue.
The bonds would be subject to a referendum before being issued if, within 45 days after the publication of the notice of intent, a petition signed by at least 10 percent of registered electors or 15,000 registered electors, whichever was less, was filed with the local governing board requesting a referendum. (The local governing board would determine the number of registered voters in the municipality.) The bonds could only be issued if approved by a majority vote at a general or special election. A special election called for this purpose would not be included in a statutory or charter limitation as to the number of special elections that can be called within a period of time. Petition signatures would be verified by a person under oath as the actual signatures of the persons whose names were signed to the petition, and the local governing body would have the same power to reject signatures and petitions as city clerks do under the Home Rule City Act.
House Bills 5969, 5976, and 5984 would amend Public Act 188 of 1954 (MCL 41.735d) dealing with township improvements.
House Bill 5970 would amend Public Act 156 of 1851 (MCL 46.11d) dealing with county commissioners.
House Bill 5971 would amend Public Act 246 of 1931 (MCL 41.283b) addressing sidewalk and pavement improvements.
House Bill 5972 would amend Public Act 293 of 1966 (MCL 45.514a) on charter counties.
House Bill 5973 would amend the Home Rule City Act (MCL 117.5j).
House Bill 5974 would amend the Fourth Class City Act (MCL 81.19a).
House Bill 5975 would amend the Charter Township Act (MCL 42.14b).
House Bill 5977 would amend the General Law Village Act (MCL 61.35a).
House Bill 5978 would amend the Home Rule Village Act (MCL 78.24d).
House Bill 5979 would amend the Drain Code (MCL 280.274a).
House Bill 5980 would amend Public Act 185 of 1957 (MCL 123.741 and 123.741a) dealing with county public works departments.
House Bill 5981 would amend the County Public Improvement Act (MCL 46.175d).
House Bill 5982 would amend Public Act 233 of 1955 (MCL 124.289a) addressing municipal sewer, water, and solid waste systems.
House Bill 5983 would amend Public Act 175 of 1952 (MCL 247.701a) dealing with borrowing by cities and villages from the motor vehicle highway fund.
House Bill 5985 would amend the Brownfield Redevelopment Financing Act (MCL 125.2667a).
House Bill 5986 would amend Public Act 344 of 1945 (MCL 125.77d) addressing the rehabilitation of blighted areas by counties, cities, villages, and townships.
House Bill 5987 would amend the Downtown Development Authority Act (MCL 125.1666a).
House Bill 5988 would amend Public Act 31 of the Extra Session of 1948 regarding buildings, parking lots, stadiums, and recreational facilities owned, operated, and maintained by special authorities.
House Bill 5989 would amend Public Act 143 of 1943 (MCL 141.251a) empowering county boards of commissioners to borrow for road machinery or equipment or road improvement.
House Bill 5990 would amend the Public Transportation Authority Act (MCL 124.473a).
House Bill 5991 would amend Public Act 208 of 1949 (MCL 125.946d) dealing with neighborhood blight prevention.
House Bill 5992 would amend the Shopping Areas Redevelopment Act (MCL 125.985a).
House Bill 5993 would amend the Tax Increment Finance Authority Act (MCL 125.1812b).
House Bill 5994 would amend the Community College Act (MCL 389.122b).
House Bill 5995 would amend the Revised School Code (MCL 380.629a) to address certain bonds issued by intermediate school districts and local school districts.
Analyst: C. Couch