A bill to amend 1978 PA 639, entitled “Hertel-Law-T. Stopczynski port authority act,” by amending sections 2, 4, 8, 9, 14, and 22 (MCL 120.102, 120.104, 120.108, 120.109, 120.114, and 120.122), section 14 as amended by 2002 PA 412.
This bill aims to enhance the clarity and scope regarding the definitions, powers, incorporation processes, and project scopes of port authorities, highlighting their critical role in providing public benefits and serving state and local interests. It outlines the procedure for the formation of a port authority, including the requirement for the governor's approval and filing with the secretary of state, and emphasizes that port authority projects should not interfere with state-owned infrastructure. The bill authorizes port authorities to engage in a wide range of activities, such as acquiring and operating port facilities, issuing bonds, and applying for grants, while ensuring they do not disrupt essential state infrastructure. It also specifies the roles and restrictions of the executive director, the issuance of revenue bonds not constituting state debt but payable solely from project revenues, and tax exemptions for property and income related to public purposes, barring certain private enterprise operations. This legislation aims to ensure port authorities operate efficiently and effectively in promoting commerce and recreation, with clear guidelines for financial and operational conduct.
Introduced
by
Referred to the Committee on Tax Policy
