NREPA: REFERENCES TO THE REVISED MUN. FINANCE ACT
House Bill 5623
Sponsor: Rep. Sue Tabor
House Bill 5624
Sponsor: Rep. Larry Julian
House Bill 5625
Sponsor: Rep. Gene DeRossett
House Bill 5626
Sponsor: Rep. Stephen Ehardt
House Bill 5627
Sponsor: Rep. David Mead
House Bill 5628
Sponsor: Rep. Scott Hummel
House Bill 5629
Sponsor: Rep. Michael C. Murphy
House Bill 5630
Sponsor: Rep. Bill McConico
House Bill 5631
Sponsor: Rep. Mary D. Waters
House Bill 5632
Sponsor: Rep. Derrick Hale
House Bill 5633
Sponsor: Rep. Steve Pestka
House Bill 5634
Sponsor: Rep. Irma Clark
Committee: Tax Policy
Complete to 3-4-02
A SUMMARY OF HOUSE BILLS 5623-5634 AS INTRODUCED 2-12-02
Each of the bills would amend a different section of the Natural Resources and Environmental Protection Act (NREPA) to specify that bonds issued under the act and other borrowings would have to comply with the Revised Municipal Finance Act.
The Revised Municipal Finance Act, which took effect on March 1, 2002, was created by Public Act 34 of 2001 (Senate Bill 29) and governs nearly all municipal borrowing. The old Municipal Finance Act was repealed, and a great many statutes on bonding and borrowing need to be amended to acknowledge the repeal of one act and the creation of the new act.
House Bill 5623 (MCL 324.4307) addresses local bonds for sewage systems, solid waste facilities, and waterworks systems. House Bill 5624 (MCL 324.4504) deals with state water pollution bonds. House Bill 5625 (MCL 324.4709) addresses sewage disposal and water supply districts. House Bill 5626 (MCL 324.30705), House Bill 5627 (MCL 324.30716), and House Bill 5628 (MCL 324.30717) deal with special assessment districts for inland lakes. House Bill 5629 (MCL 324.30922) deals with the improvement of an inland lake by a lake board. House Bill 5630 (MCL 324.33707) addresses borrowing by local units from the federal government for flood control, drainage, or beach erosion control. House Bill 5631 (MCL 324.34141) and House Bill 5632 (MCL 324.34146) deals with irrigation special assessment districts. House Bill 5633 (MCL 324.50162) addresses forest improvements. House Bill 5634 (MCL 324.74112) deals with state park improvement bonds.
_____________________________________________________________________________________________________________________
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.