Establishes a road investment incentive program with matching grants for local road agencies in Michigan.
The bill amends Michigan's transportation law to create a road investment incentive program. The state transportation department will administer this program, providing matching grants to local road agencies for construction, maintenance, or repair of highways, roads, streets, or bridges. Grants are awarded on a dollar-for-dollar matching basis, with local road agencies required to verify the source of their matching funds annually. The total amount of grants awarded must not exceed 1 mill on each dollar of the taxable value of all taxable property within the state.
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- Overview
- Core Provisions
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- Legal Framework
- Critical Issues
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