Introduced by Rep. Mark Ouimet (R) on November 1, 2011, to expand the 2005 law authorizing local “corridor improvement authorities” that can borrow for various spending projects (generally but not necessarily related to mass transit), and then repay the loans with revenue from special assessments (property taxes) or “tax increment” financing schemes. The bill would also authorize “joint” versions of these created by more than one local government.
Referred to the House Local, Intergovernmental, and Regional Affairs Committee on November 1, 2011.
Reported in the House on December 1, 2011, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on January 31, 2012. The substitute passed by voice vote in the House on January 31, 2012.
Referred to the Senate Local Government & Elections Committee on February 7, 2012.
Reported in the Senate on May 31, 2012, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on June 12, 2012, to replace the previous version of the bill with one that limits it to Ann Arbor and neighboring communities. The substitute passed by voice vote in the Senate on June 12, 2012.
Passed 25 to 12 in the Senate on June 13, 2012, to allow Ann Arbor and adjacent communities to create a multi-government “corridor improvement authority,” a type of entity authorized by a 2005 law, which can can borrow for various government spending projects (generally but not necessarily related to mass transit), and then repay the loans with money levied in "special assessments" (property taxes), or with tax revenue "captured" from other local governments with “tax increment financing" schemes.. Who Voted "Yes" and Who Voted "No"
Received in the House on June 13, 2012.
Passed 101 to 9 in the House on June 14, 2012, to concur with the Senate-passed version of the bill, which limits its application to Ann Arbor. Who Voted "Yes" and Who Voted "No"