UPDATE SCHOOL-RELATED BONDING REFERENCES
House Bill 5404
Sponsor: Rep. Jason Allen
House Bill 5405
Sponsor: Rep. Michael Bishop
House Bill 5406
Sponsor: Rep. Larry DeVuyst
House Bill 5407
Sponsor: Rep. Judson Gilbert II
House Bill 5408
Sponsor: Rep. Jim Howell
House Bill 5409
Sponsor: Rep. James Koetje
House Bill 5410
Sponsor: Rep. Mary Ann Middaugh
House Bill 5411
Sponsor: Rep. Mickey Mortimer
House Bill 5412
Sponsor: Rep. Gerald Van Woerkam
House Bill 5413
Sponsor: Rep. Steve Vear
House Bill 5414
Sponsor: Rep. Samuel Buzz Thomas
House Bill 5415
Sponsor: Rep. Chris Kolb
House Bill 5416
Sponsor: Rep. LaMar Lemmons III
House Bill 5417
Sponsor: Rep. Alexander C. Lipsey
House Bill 5418
Sponsor: Rep. Joseph Rivet
House Bill 5419
Sponsor: Rep. Mary D. Waters
House Bill 5420
Sponsor: Rep. Paula K. Zelenko
House Bill 5421
Sponsor: Rep. Wayne Kuipers
House Bill 5422
Sponsor: Rep. Tom Meyer
House Bill 5423
Sponsor: Rep. Mike Pumford
Committee: Commerce
Complete to 11-2-01
A SUMMARY OF HOUSE BILLS 5404-5423 AS INTRODUCED 11-1-01
Each of the bills would amend school-related bonding provisions to update references. House Bill 5404 and House Bills 5407-5418 would all amend the Revised School Code (MCL 380.1 et al.) to make bonding provisions refer to the Revised Municipal Finance Act, which was created by Public Act 34 of 2001 (Senate Bill 29) and delete references to the previous Municipal Finance Act.
House Bill 5419-5423 would amend the Community College Act (MCL 389.122 et al. ) in a similar fashion and also in several cases to refer to the Revised School Code (rather than the earlier code).
House Bill 5405 would amend Public Act 108 of 1961 (MCL 388.954), which deals with loans by the state to school districts to make it refer to the Revised School Code (rather than the previous school code).
House Bill 5406 would repeal Public Act 12 of 1973 (MCL 388.251-271), an obsolete act providing emergency financial assistance to school districts. The loan provisions of that act expired June 30, 1974.
Several of the bills (House Bills 5407, 5413, and 5420) also would substitute the term "taxable value" for the term "state equalized valuation" to reflect the change in the way that real property is taxed as a result of the assessment cap imposed with the passage of Proposal A in 1994.
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.