HOUSE BILL No. 5975


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


        A bill to amend 1947 PA 359, entitled

   "The charter township act,"

   (MCL 42.1 to 42.34) by adding section 14b.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 14B.  IF A CHARTER TOWNSHIP PLEDGES ANY PORTION OF THE

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      GENERAL FUND OF THE CHARTER TOWNSHIP AND ISSUES ANY BOND OTHER

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      THAN A GENERAL OBLIGATION BOND OR A REVENUE BOND UNDER THIS ACT,

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      THE CHARTER TOWNSHIP SHALL PROVIDE FOR AND PUBLISH A NOTICE OF

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      INTENT AS PROVIDED IN SECTION 10 OF CHAPTER 5 OF THE MUNICIPAL

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      FINANCE ACT, 1943 PA 202, MCL 135.10.












   05788'00          Final page.                            JLB