HOUSE BILL No. 5973


     September 27, 2000, Introduced by Rep. Pappageorge and referred to the Committee on Tax Policy.


        A bill to amend 1909 PA 279, entitled

   "The home rule city act,"

   (MCL 117.1 to 117.38) by adding section 5j.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 5J.  IF A CITY PLEDGES ANY PORTION OF THE GENERAL FUND

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      OF THE CITY AND ISSUES ANY BOND OTHER THAN A GENERAL OBLIGATION

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      BOND OR A REVENUE BOND UNDER THIS ACT, THE CITY SHALL PROVIDE FOR

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      AND PUBLISH A NOTICE OF INTENT AS PROVIDED IN SECTION 10 OF

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      CHAPTER 5 OF THE MUNICIPAL FINANCE ACT, 1943 PA 202, MCL 135.10.














   05786'00          Final page.                            JLB