HOUSE BILL No. 5985


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


        A bill to amend 1996 PA 381, entitled

   "Brownfield redevelopment financing act,"

   (MCL 125.2651 to 125.2672) by adding section 17a.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 17A.  IF AN AUTHORITY OR MUNICIPALITY PLEDGES ANY POR-

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      TION OF THE GENERAL FUND OF THE AUTHORITY OR MUNICIPALITY AND

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      ISSUES ANY BOND OTHER THAN A GENERAL OBLIGATION BOND OR A REVENUE

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      BOND UNDER THIS ACT, THE AUTHORITY OR MUNICIPALITY, WHICHEVER

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      PLEDGED ANY PORTION OF ITS GENERAL FUND, SHALL PROVIDE FOR AND

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      PUBLISH A NOTICE OF INTENT AS PROVIDED IN SECTION 10 OF CHAPTER 5

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










   05798'00          Final page.                            JLB