GRADE SEPARATION BONDS - H.B. 5845: COMMITTEE SUMMARY
House Bill 5845 (as passed by the House)
Sponsor: Representative Keith Stallworth
House Committee: Tax Policy
Senate Committee: Finance
Date Completed: 5-6-02
CONTENT
The bill would repeal Public Act 235 of 1931, which allows a city, with voter approval, to issue general obligation bonds in order to pay for the city's share of the cost of building separating grades where railroads intersect public highways and streets.
MCL 253.91 - Legislative Analyst: George Towne
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
- Fiscal Analyst: David ZinS0102\s5845sa
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.