SENATE BILL No. 1075

February 5, 2002, Introduced by Senator SHUGARS and referred to the Committee on Finance.

A bill to amend 1923 PA 150, entitled

"An act to authorize and empower counties, cities, villages and

townships or any combination of them, to singly or jointly

acquire by gift, devise or public condemnation a site or sites

and/or construct, erect, lease, sub-lease and maintain public

buildings for the purpose of housing within the same building or

buildings city, county, village or township offices, and/or for

any other public uses and purposes, which may include a memorial

hall for war veterans of the United States of America and for

public assemblage,"

by amending section 5 (MCL 123.925).

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1 Sec. 5. (1) It shall be lawful for a A county, city,

2 village, or township for itself and any other of said THE units

3 of government to singly through its proper representatives MAY

4 acquire, construct, lease, and OR maintain a building or build-

5 ings for the purpose of housing TO HOUSE any of their offices,

6 and/or OR facilities for any other public use and purpose of

7 said THE units of government, and which building may be or

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1 include a memorial hall for war veterans of the United States of

2 America and for public assemblage ; and/or AND to acquire a

3 site or sites therefor: Provided, however, No FOR THOSE

4 PURPOSES. HOWEVER, NO county, city, village, or township shall

5 for such joint purposes and uses acquire a site or sites

6 and/or OR erect any building or buildings unless and until

7 such THE unit of government shall have HAS entered into a con-

8 tract or contracts for the rental of a portion of such THE site

9 or sites and/or AND quarters or space with each of the other

10 participating units of government in such THE amount or amounts

11 and for such THE period or periods of time and in such THE

12 form as will provide revenues from payments to it of a reasonably

13 proportionate or equitable share of the total cost thereof in

14 relation to the portion, space, use, and public benefits provided

15 in such THE contract or contracts for the lessee or lessees.

16 Such THE contract or contracts shall be executed following

17 approval and authority therefor by a majority vote of the mem-

18 bers elect of ELECTED TO AND SERVING IN the legislative body of

19 each unit of government participating in and a party thereto TO

20 THE CONTRACT.

21 (2) The county, city, village, or township which THAT

22 singly acquires a site or sites and/or OR acquires, constructs,

23 and/or OR leases a building or buildings for the purposes

24 authorized in this section may obtain funds for such THOSE pur-

25 poses by gift and/or OR by means of general obligation bonds

26 and/or OR by the issuance of self-liquidating revenue bonds to

27 be paid from the revenues derived in pursuance of a contract or

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1 contracts as above provided IN SUBSECTION (1) and under the

2 provisions of Act No. 94 of the Public Acts of 1933, as amended

3 THE REVENUE BOND ACT OF 1933, 1933 PA 94, MCL 141.101 TO

4 141.140. In the event that the revenues to be derived under

5 such THE contract or contracts shall be only sufficient to

6 permit the issuance of revenue bonds for a portion of the cost of

7 the site or sites and/or OR building or buildings, authority is

8 hereby granted to issue revenue bonds to the extent to which

9 such THE revenue shall permit. : Provided, however, The

10 HOWEVER, THE entire improvement or improvements on which such

11 revenue bonds are issued shall be subject to the provisions of

12 Act No. 94 of the Public Acts of 1933, as amended: Provided

13 further, That THE REVENUE BOND ACT OF 1933, 1933 PA 94,

14 MCL 141.101 TO 141.140. HOWEVER, as a prerequisite to the lease

15 or purchase of any property, the lease, purchase, or construction

16 of any building or buildings and/or OR the issuance of any rev-

17 enue or general obligation bonds under the provision of this sec-

18 tion, the board of supervisors COMMISSIONERS of such THE

19 county involved shall submit the question to the qualified elec-

20 tors of such THE county at the next general election or at a

21 special election to be called by the board of supervisors

22 COMMISSIONERS of such THE county. : Provided further, That

23 HOWEVER, if the majority vote of the qualified electors in the

24 largest city of such THE county and a majority vote of the

25 qualified electors in all the rest of such THE county shall

26 vote in favor thereof OF THE QUESTION, the provisions of this

27 section shall then become operative. : Provided further, That

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1 HOWEVER, no self-liquidating revenue bonds shall be sold unless

2 prior to the sale an advertisement shall be IS made of the date

3 of the sale, the number and amount of bonds, and/or AND other

4 matters covering such THE revenue bonds. : Provided further,

5 That HOWEVER, sealed bids shall be taken on the day of the sale

6 of such THE bonds from any and all persons who may bid, and

7 that such THE bonds shall be sold to the highest bidder at

8 such THE sale. : Provided further, That the corporation and

9 securities commission of the state of Michigan shall pass upon

10 and approve the form and general provisions of all such bonds

11 before such bonds shall be sold: And provided further, That the

12 THE proceeds derived from the sale of any and all such THE

13 bonds shall be used only for the purpose of acquiring a site

14 and/or OR constructing building or buildings, as authorized in

15 this act, and shall be used for no other purpose.

16 (3) The provisions of this section shall apply only to coun-

17 ties now having or which may hereafter have a population of

18 300,000 or over according to the latest federal census. :

19 Provided, That in any such county HOWEVER, the provisions of

20 this section shall not apply IN A COUNTY unless and until the

21 board of supervisors of such THE county shall adopt a resolu-

22 tion in favor thereof APPROVED by a 2/3 vote of the

23 members-elect of said board MEMBERS ELECTED TO AND SERVING ON

24 THE BOARD.

25 (4) GENERAL OBLIGATION BONDS ISSUED UNDER THIS ACT ARE

26 SUBJECT TO THE REVISED MUNICIPAL FINANCE ACT, 2001 PA 34,

27 MCL 141.2101 TO 141.2821.

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