LOCAL STREET SYSTEM FUNDS S.B. 1182: FLOOR ANALYSIS
Senate Bill 1182 (as reported by the Committee of the Whole)
Sponsor: Senator Jud Gilbert, II
Committee: Transportation
CONTENT
The bill would amend Public Act 51 of 1951, the Michigan Transportation Fund (MTF) law, to do the following:
-- Increase from 25% to 50% the maximum amount that a city or village may transfer from its annual major street funding for the local street system (unless it is following an asset management process).
-- Require a city or village that had not adopted an asset management plan to obtain the concurrence of the Michigan Department of Transportation to transfer more than 50% of its major street funding to the local street system.
-- Eliminate a provision that, beginning on January 1, 2009, will prohibit a city or village from transferring surplus MTF revenue for use on a local street system without local matching revenue.
MCL 247.663 Legislative Analyst: Julie Koval
FISCAL IMPACT
The bill would have no fiscal impact on State government.
The bill would have no net fiscal impact on local units of government, but it would allow for more flexibility in how they spend their street improvement dollars by allowing more funding to be dedicated to the local street system and by eliminating the match requirement scheduled to become effective January 1, 2009.
Date Completed: 4-27-06 Fiscal Analyst: Jessica Runnels
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. sb1182/0506