ALLOW COUNTY TO LOAN FUNDS

TO TOWNSHIP FOR ROAD PROJECT

House Bill 5261 as introduced

Sponsor:  Rep. Triston Cole

Committee:  Local Government

Complete to 2-9-16

SUMMARY:

House Bill 5261 would amend Public Act 156 of 1851, which provides a list of the powers which may be exercised by a County Board of Commissioners, to allow a county to loan funds to a township for road construction. 

Current law lists 21 powers granted to a County Board of Commissioners, which include purchasing or leasing property to use for a courthouse or jail, setting the salaries for county employees, and passing ordinances.

House Bill 5261 would add the following:

Loan funds to a township within the county for the purpose of funding a road construction project or providing matching funds for a joint project between the county and the township.  A loan granted under this subsection shall not exceed a term of 10 years.

The bill would take effect 90 days after its enactment.

               

MCL 46.11.

FISCAL IMPACT:

The bill does not appear to have a direct fiscal impact.  It is permissive in that it authorizes, but does not mandate, a county board of commissioners to loan money to a township for a road construction project or to provide matching funds for a joint project between the county and a township.

                                                                                        Legislative Analyst:   Jennifer McInerney

                                                                                                Fiscal Analyst:   William E. Hamilton

■ This analysis was prepared by nonpartisan House Fiscal Agency staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.