Michigan Laws 124.550 – Revenues; sources; assessment; collection of motor vehicle registration tax; asset management plan; report
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Terms Used In Michigan Laws 124.550
- Authority: means a regional transit authority created under this act. See Michigan Laws 124.542
- Board: means the governing body of an authority. See Michigan Laws 124.542
- Department: means the state transportation department. See Michigan Laws 124.542
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Member jurisdiction: means a city or county that appoints a member of a board under section 5. See Michigan Laws 124.542
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Public transit region: means an area of this state consisting of a qualified region. See Michigan Laws 124.542
- Public transportation: means the movement of individuals and goods by publicly owned bus, rapid transit vehicle, or other conveyance that provides general or special service to the public, but not including school buses or charter or sightseeing service or transportation that is used exclusively for school purposes. See Michigan Laws 124.542
- Rolling rapid transit system: means bus services that may combine the technology of intelligent transportation systems, traffic signal priority, cleaner and quieter vehicles, rapid and convenient fare collection, and integration with land use policy. See Michigan Laws 124.542
(1) An authority may raise revenues to fund all of its activities, operations, and investments consistent with its purposes. The sources of revenue available to an authority include, but are not limited to, all of the following:
(a) Fees, fares, rents, or other charges for use of a public transportation system.
(b) Federal, state, or local government grants, loans, appropriations, payments, or contributions.
(c) Proceeds from the sale, exchange, mortgage, lease, or other disposition of property acquired by the authority.
(d) Grants, loans, appropriations, payments, proceeds from repayments of loans made by the authority, or contributions from public or private sources.
(e) The proceeds of an assessment levied under subsection (2).
(f) The proceeds of a motor vehicle registration tax collected under subsection (3).
(g) Investment earnings on the revenues described in subdivisions (a) to (f).
(2) An authority may levy an assessment within the public transit region only as approved by the board and a majority of the electors of the public transit region voting on the assessment at a general election held on the regular November election date as provided in section 641(1)(d) of the Michigan election law, 1954 PA 116, MCL 168.641. An assessment approved by the board and a majority of electors of the public transit region under this subsection shall be collected and enforced in the same manner as taxes are collected and enforced under the general property tax act, 1893 PA 206, MCL 211.1 to 211.155. When submitting a proposal on the question of authorizing an assessment to be levied under this act, the ballot shall state all of the following:
(a) The assessment rate to be authorized.
(b) The duration of the assessment.
(c) A clear statement of the purpose for the assessment.
(d) A clear statement indicating whether the proposed assessment is a renewal of a previously authorized assessment or the authorization of a new additional assessment.
(3) An authority may collect a motor vehicle registration tax dedicated to the purpose of public transportation, if authorized under the Michigan vehicle code, 1949 PA 300, MCL 257.1 to 257.923.
(4) An authority shall ensure that not less than 85% of the money raised in each member jurisdiction through either an assessment under subsection (2) or a motor vehicle registration tax under subsection (3), or both, is expended on the public transportation service routes located in that member jurisdiction.
(5) Starting in the fiscal year that begins at least 12 months after the effective date of this act, an authority shall submit to the department an asset management plan for all revenue vehicles and facilities, major facility components, and major pieces of equipment as defined by the department. An authority shall update the asset management plan annually.
(6) After the first 12 months of operation of a rolling rapid transit system, and annually thereafter, an authority shall provide a report to the legislative body of each member jurisdiction showing the cost of service and revenue generated in each member jurisdiction.