Economic development: other; Michigan broadband development authority act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 3 of 2002 PA 49 (MCL 484.3203) & repeals sec. 6 of 2002 PA 49 (MCL 484.3206). TIE BAR WITH: SB 0631'25
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the Michigan Broadband Development Authority Act by eliminating the role of the Michigan Strategic Fund and clarifying the authority’s structure. Specifically, it amends section 3 of the act to define key terms related to the authority, board, and broadband infrastructure. Furthermore, it repeals a previous section of the act that dealt with the Michigan Strategic Fund’s involvement.
Key provisions
- Defines ‘Authority’ as the Michigan State Housing Development Authority (MSHDA) or the Michigan Public Service Commission, depending on the specific duties.
- Defines ‘Board’ as the authority itself.
- Clarifies the definition of ‘Capital reserve fund requirement’.
- Defines ‘Broadband developer’ and ‘Broadband operator’ as entities selected by the authority.
- Provides a detailed definition of ‘Broadband infrastructure’.
- Outlines ‘Development costs’ associated with broadband infrastructure projects.
- Repeals section 6 of 2002 PA 49 (MCL 484.3206) concerning the Michigan Strategic Fund.
- Requires the bill to be enacted alongside Senate Bill 631 for the changes to take effect.
Who is affected
- The Michigan Broadband Development Authority
- The Michigan State Housing Development Authority
- The Michigan Public Service Commission
- Local government entities involved in economic development
Bill text
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- Senate Introduced Bill
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