Introduced
by
To revise a <a href="http://www.michiganvotes.org/2007-SB-861">2008 law</a> authorizing local “promise zone” tax increment financing authorities (TIFA) in low income and low educational attainment areas that are authorized to “capture" a portion of any increases in state education property tax revenue and subsidize low income students’ college tuition. The bill would revise the local board composition, student eligibility, annual budget, and state education tax capture requirements.
Referred to the Committee on Education
Reported without amendment
Without amendment and with the recommendation that the bill pass.
