Introduced
by
To authorize the use of “public-private partnerships” that would give the Detroit Wayne County Port Authority extensive powers to promote and develop “port facilities” using a very broad definition that could include projects unrelated to ports.
Referred to the Committee on Economic Development and International Investment
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered
To only allow the Detroit-Wayne port authority to borrow against a project's projected future revenue (called selling "revenue bonds") on projects located within five miles of navigable waters.
The amendment passed by voice vote
Passed in the Senate 33 to 3 (details)
Referred to the Committee on Commerce and Trade
