2008 Senate Bill 1589 / Public Act 486

Authorize “nonprofit street railway companies”

Introduced in the Senate

Nov. 5, 2008

Introduced by Sen. Jason Allen (R-37)

To authorize “nonprofit street railway companies,” to be created and financed by local governments through Tax Increment Financing, public debt, state road tax money, etc. See also House Bill 6542.

Referred to the Committee on Transportation

Dec. 4, 2008

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that, among other things, requires the approval of local governments affected for the tax increment finance authority. Some increment of these communities' future tax revenue growth (if any) would be "captured" by the authority.

The substitute passed by voice vote

Amendment offered by Sen. Ray Basham (D-8)

To also require the approval of Wayne County for the tax increment finance authority. Some increment of Wayne County's future tax revenue growth (if any) would be "captured" by the authority.

The amendment passed by voice vote

Passed in the Senate 35 to 0 (details)

Received in the House

Dec. 4, 2008

Referred to the Committee on Transportation

Dec. 11, 2008

Substitute offered by Rep. Bert Johnson (D-5)

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the House 71 to 33 (details)

To authorize “nonprofit street railway companies,” to be created and financed by local governments through Tax Increment Financing, public debt, state road tax money, etc. See also House Bill 6542.

Received in the Senate

Dec. 19, 2008

Passed in the Senate 37 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Jennifer Granholm

Dec. 31, 2008