HOUSE BILL No. 5993


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


        A bill to amend 1980 PA 450, entitled

   "The tax increment finance authority act,"

   (MCL 125.1801 to 125.1830) by adding section 12b.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 12B.  IF A MUNICIPALITY PLEDGES ANY PORTION OF THE GEN-

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      ERAL FUND OF THE MUNICIPALITY AND ISSUES ANY BOND OTHER THAN A

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

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      MUNICIPALITY SHALL PROVIDE FOR AND PUBLISH A NOTICE OF INTENT AS

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      PROVIDED IN SECTION 10 OF CHAPTER 5 OF THE MUNICIPAL FINANCE ACT,

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      1943 PA 202, MCL 135.10.












   05806'00          Final page.                            JLB