2003 Senate Bill 780 ↩

Senate Roll Call 603: Passed

To include in the definition of "urban township" for purposes of establishing a local development finance authority, a township which has a written agreement with an adjoining township to develop one or more public facilities on contiguous property located in both townships, located in a county with a population of one-million or more (Oakland and Wayne Counties). A local development finance authority may use revenue "captured" from the increment of increased local property taxes that result from economic growth which is supposed to occur due to the new public facilities funded by the authority.