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Legislation watch

2011 House Bill 5142: Expand “corridor improvement” taxing authorities

Public Act 229 of 2012

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.   Official Text and Analysis.
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
Passed 100 to 6 in the House on February 1, 2012 (same description)
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.
Received in the Senate on February 7, 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..
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.
Signed by Gov. Rick Snyder on June 26, 2012

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