Introduced
by
To revise the definition of “other protected obligations” in the law authorizing downtown development authorities (DDAs), so as to forgive repayments to the School Aid Fund that would otherwise be required by Keego Harbor and possibly some other municipalities. This relates to the way in which the 1994 Proposal A school aid and property tax initiative affected school taxes that DDAs previously were allowed to "capture" under tax increment financing plans.
Referred to the Committee on Commerce
Reported without amendment
Recommended that the bill be referred to the Committee on Local Government and Urban Policy.
Referred to the Committee on Local Government and Urban Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one containing technical changes that do not affect its substance as previously described.
The substitute passed by voice vote
Passed in the House 88 to 19 (details)
Referred to the Committee on Finance