Legislation would allow counties to loan money for local road projects

Legislation would allow counties to loan money for local road projects

LANSING — A bill recently introduced in the Michigan Senate would give county boards of commissioners an additional tool to help fix area roads.

Senate Bill 729 would allow commissioners to loan money to a township within their county to fund road construction projects or provide matching dollars for joint projects. A summary from the Senate Fiscal Agency says the legislation could result in lower road construction and maintenance costs for local governments in the long run. Loans granted would have a ten year term limit.

The bill was referred to the Senate Committee of the Whole on Thursday. Senator Tom Casperson (R – Escanaba) is among the sponsors of the legislation.