State agencies (proposed): authorities; use of grant funds and issuance of revenue bonds; modify. Amends title & secs. 2, 8, 9, 10, 13, 14, 14a, 16, 18, 20, 23, 24 & 25 of 1978 PA 639 (MCL 120.102 et seq.) & adds sec. 19a.

Summary

The bill revises the state’s laws that govern how agencies and authorities handle grant money and issue revenue bonds, and it creates a new Section 19a. These changes apply to all Michigan state agencies and authorities that receive grants or raise money through bonds. The measure has cleared both legislative chambers and now awaits final action.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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