DDAs: WIRELESS & MARKETING S.B. 1240 (S-1): FLOOR ANALYSIS
Senate Bill 1240 (Substitute S-1 as reported)
Sponsor: Senator Tom George
Committee: Commerce and Labor
CONTENT
The bill would amend the downtown development authority (DDA) Act to add both of the following to the list of authorized DDA board activities:
-- Creating, operating, and funding marketing initiatives that benefited the downtown district.
-- Contracting for broadband service and wireless technology service in the downtown district.
MCL 125.1651 & 125.1657 Legislative Analyst: Patrick Affholter
FISCAL IMPACT
The bill would have an unknown, and likely minimal, fiscal impact on affected local units of government and little to no fiscal impact on State government. It is unknown how many DDAs would pursue marketing initiatives or contracts for broadband or wireless technology service as allowed under the bill or how successful such initiatives or contracts would be in benefiting downtown districts. To the extent that such initiatives or contracts were successful, the increase in allowed expenses would be partially or completely offset by higher tax revenue.
This analysis is preliminary and will be revised as new information becomes available.
Date Completed: 5-25-04 Fiscal Analyst: David Zin
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. sb1240/0304