Michigan SB0092 establishes a reimbursement program for businesses losing revenue due to road construction.

Michigan SB0092 amends the state's transportation law to create a road construction business loss reimbursement program. The program provides grants to businesses for revenue lost due to unexpected street closures or construction projects extending beyond their scheduled end dates. Grants are capped at $15,000 per year and are awarded based on factors like the rate of revenue decline, duration of construction, and severity of traffic disruption. The program is funded by the road construction business loss reimbursement fund, with investments managed by the state treasurer.

Michigan SB0092 establishes a reimbursement program for businesses losing revenue due to road construction.

Michigan SB0092 amends the state's transportation law to create a road construction business loss reimbursement program. The program provides grants to businesses for revenue lost due to unexpected street closures or construction projects extending beyond their scheduled end dates. Grants are capped at $15,000 per year and are awarded based on factors like the rate of revenue decline, duration of construction, and severity of traffic disruption. The program is funded by the road construction business loss reimbursement fund, with investments managed by the state treasurer.