Introduced
by
To modify the bonding authority under the property tax act so as to conform to changes made to the municipal finance act by Senate Bill 29, now Public Act 34 of 2001. That bill made important changes to the procedures, requirements, and restrictions imposed on borrowing and debt issuance by local units of government and governmental authorities. (For more information on those changes see the description of Senate Bill 29.) This is one of more than 100 House and Senate bills amending different public acts to conform to the new law.
Referred to the Committee on Finance
Passed in the Senate 34 to 0 (details)
Passed in the House 105 to 0 (details)
