HOUSE BILL No. 5990


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


        A bill to amend 1986 PA 196, entitled

   "Public transportation authority act,"

   (MCL 124.451 to 124.479) by adding section 23a.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 23A.  IF A PUBLIC AUTHORITY PLEDGES ANY PORTION OF THE

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      GENERAL FUND OF THE PUBLIC AUTHORITY 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 PUBLIC AUTHORITY 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.












   05803'00          Final page.                            JLB