Bill Text: MI SB1080 | 2019-2020 | 100th Legislature | Chaptered

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Bill Title: Natural resources: inland lakes; length of time that bonds may be issued against the proceeds of special assessments for a lake level project; modify. Amends sec. 30705 of 1994 PA 451 (MCL 324.30705).

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2020-10-21 - Assigned Pa 0221'20 With Immediate Effect [SB1080 Detail]

Download: Michigan-2019-SB1080-Chaptered.html

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Act No. 221

Public Acts of 2020

Approved by the Governor

October 16, 2020

Filed with the Secretary of State

October 16, 2020

EFFECTIVE DATE: October 16, 2020

 

 

state of michigan

100th Legislature

Regular session of 2020

Introduced by Senators Outman and Zorn

ENROLLED SENATE BILL No. 1080

AN ACT to amend 1994 PA 451, entitled “An act to protect the environment and natural resources of the state; to codify, revise, consolidate, and classify laws relating to the environment and natural resources of the state; to regulate the discharge of certain substances into the environment; to regulate the use of certain lands, waters, and other natural resources of the state; to protect the people’s right to hunt and fish; to prescribe the powers and duties of certain state and local agencies and officials; to provide for certain charges, fees, assessments, and donations; to provide certain appropriations; to prescribe penalties and provide remedies; and to repeal acts and parts of acts,” by amending section 30705 (MCL 324.30705), as amended by 2002 PA 215.

The People of the State of Michigan enact:

Sec. 30705. (1) A special assessment district provided for in section 30704 may issue any of the following in anticipation of the collection of special assessments:

(a) Bonds or notes, subject to section 30716.

(b) Lake level orders.

(2) Bonds or notes issued under subsection (1) shall have a final maturity date not more than 40 years after the date of original issuance.

(3) All proceedings relating to the making, levying, and collection of special assessments authorized by this part and the issuance of bonds, notes, or lake level orders in anticipation of the collection of the special assessments shall conform as nearly as possible to the proceedings for levying special assessments and issuing special assessment bonds as set forth in the drain code of 1956, 1956 PA 40, MCL 280.1 to 280.630.

(4) A county board by a vote of 2/3 of its members may pledge the full faith and credit of the county for payment of bonds or notes issued by a special assessment district under subsection (1).

This act is ordered to take immediate effect.

 

 

Secretary of the Senate

 

Clerk of the House of Representatives

Approved___________________________________________

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Governor