2003 House Bill 5264 ↩

House Roll Call 657: Passed

To authorize the use of $75 million in Clean Michigan Initiative (CMI) bond proceeds by the revolving loan program proposed by Senate Bill 806. Half the money would go for loans and half for grants to local governments and brownfield redevelopment authorities for response activities at known or suspected facilities with redevelopment potential. Currently, $20 million of the $675 million in CMI proceeds are to be used for brownfields. It would also increase CMI bond proceeds designated for response activity at facilities that pose an imminent or substantial endangerment to public health, safety, or the environment. Currently $40 to $60 million go for this, and this would increase to $93 million. See also House Bill 5270 and Senate Bill 806.