2001 House Bill 4898 ↩

House Roll Call 576: Passed

To require a local unit of government, school district, or other public authority to publish a notice of its intent to issue limited tax obligation bonds, which are bonds repaid out of current voter-approved millage rates, and allow the people to call for an election on the issue by submitting a petition signed by at least 10 percent or 15,000 of the registered electors, whichever is less. The bill is part of a legislative package comprised of House Bills 4885 to 4911, each of which amends the law dealing with one of the entities cited above.