SB 0692
Transportation: authorities; reference to the Michigan election law in the regional transit authority act; modify. Amends sec. 10 of 2012 PA 387 (MCL 124.550).
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the Regional Transit Authority Act by clarifying how transit authorities can raise revenue. It allows authorities to use various sources, including fees, grants, property sales, and assessments levied through local elections. The bill also outlines specific requirements for assessing rates, reporting purposes, and dedicating revenue to local jurisdictions, and establishes requirements for asset management plans and service cost reporting.
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