2003 Senate Bill 774 ↩

House Roll Call 436: Passed

To extend the deadline for East Lansing and Lansing to apply to the state to create a certified technology park authority. These authorities allow the municipality to implement a tax increment financing plan to finance public facilities which promote the certified technology park. Tax increment financing allows the authority to capture the increment of increased local property tax revenue that results from the economic growth which is supposed to result because of the new public facilities.