ECON. DEV'T BOARD MEMBERS S.B. 739 (S-1) & 740 (S-1):
SUMMARY OF BILL
REPORTED FROM COMMITTEE
Senate Bill 739 (Substitute S-1 as reported)
Senate Bill 740 (Substitute S-1 as reported)
Committee: Economic Development
CONTENT
Senate Bills 739 (S-1) and 740 (S-1) would amend the Local Development Financing Act and the Corridor Improvement Authority Act, respectively, to do the following:
-- Allow rules of procedure for authorities created under the Acts to permit a person to be appointed to a board in his or her capacity as a public official.
-- Allow the rules of procedure to provide that the member's term on the board would end upon the expiration of his or her service as a public official.
-- Specify that expiration of service as a public official would include the member's resignation or removal from the position as a public official.
MCL 125.2155 (S.B. 739) Legislative Analyst: Patrick Affholter
125.2878 (S.B. 740)
FISCAL IMPACT
The bills would have no fiscal impact on State or local government.
Date Completed: 3-10-14 Fiscal Analyst: Elizabeth Pratt
This 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.