Reinstates the special assessment deferment program for Michigan property owners.

This bill amends Michigan law to reinstate the special assessment deferment program. It allows property owners to defer payment of special assessments until the property is sold or transferred. Special assessments include charges for infrastructure improvements like curb and gutter, sidewalks, and sewers. The deferment continues until the property is sold, transferred, or a contract to sell is entered into. The bill also specifies that the deferment does not end upon the death of a spouse if the property is owned jointly.

Reinstates the special assessment deferment program for Michigan property owners.

This bill amends Michigan law to reinstate the special assessment deferment program. It allows property owners to defer payment of special assessments until the property is sold or transferred. Special assessments include charges for infrastructure improvements like curb and gutter, sidewalks, and sewers. The deferment continues until the property is sold, transferred, or a contract to sell is entered into. The bill also specifies that the deferment does not end upon the death of a spouse if the property is owned jointly.