HOUSE BILL No. 5978


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


        A bill to amend 1909 PA 278, entitled

   "The home rule village act,"

   (MCL 78.1 to 78.28) by adding section 24d.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 24D.  IF A VILLAGE PLEDGES ANY PORTION OF THE GENERAL

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      FUND OF THE VILLAGE AND ISSUES ANY BOND OTHER THAN A GENERAL

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      OBLIGATION BOND OR A REVENUE BOND UNDER THIS ACT, THE VILLAGE

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      SHALL PROVIDE FOR AND PUBLISH A NOTICE OF INTENT AS PROVIDED IN

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      SECTION 10 OF CHAPTER 5 OF THE MUNICIPAL FINANCE ACT, 1943 PA

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      202, MCL 135.10.












   05791'00          Final page.                            JLB