2007 Senate Bill 364 ↩

House Roll Call 142: Passed

To no longer require voter approval for a local government to borrow by selling general obligation bonds to finance the development program of a <a href="http://www.michiganvotes.org/2005-SB-34">"Corridor Improvement Authority”</a> tax increment financing plan. The bill would also revise some of the procedures by which these authorities exercise their power to levy special assessments (property taxes), borrow, or use tax increment financing to pay for economic development and improvement projects in a commercial district along a road classified as an arterial or collector road.