State management: funds; funding for businesses with lost revenue due to road construction projects; provide for. Amends 1951 PA 51 (MCL 247.651 - 247.675) by adding sec. 10q.
Impact
If enacted, SB0092 would have a significant impact on state law by creating a specific fund aimed at assisting businesses affected by ongoing road construction projects. The establishment of this program will allow the Michigan Department of Transportation to operate a review and approval process for grant applications. It also mandates regular reporting to legislative committees on the program's effectiveness and fund utilization, thereby holding the state accountable for its financial operations.
Summary
Senate Bill 0092 aims to establish a road construction business loss reimbursement program in Michigan. This bill is designed to provide financial support to businesses that experience a decline in revenue due to unexpected street closures or significant delays caused by construction projects. The maximum amount of financial assistance a qualified business can receive through the program is capped at $15,000 annually, which correlates with the business’s demonstrated revenue loss, calculated based on the three preceding tax years’ average profits.
Contention
The implementation of SB0092 raises important discussions regarding the adequacy of government support for small businesses, especially during times of construction that can disrupt commerce. Proponents of the bill view it as a necessary measure to ensure that businesses are safeguarded from financial losses that are often outside their control. However, there may be opposition from some legislators who argue that the funding should come from existing budgets rather than creating a new state-managed program. Additionally, concerns around the criteria for grant approval could lead to debates about fairness and accessibility of the program for various types of businesses.
State management: funds; funding for businesses with lost revenue due to road construction projects; provide for. Amends 1951 PA 51 (MCL 247.651 - 247.675) by adding sec. 10q.
Highways: construction and repair; 10-year warranty contract on state road projects; require. Amends 1951 PA 51 (MCL 247.651 - 247.675) by adding sec. 13c. TIE BAR WITH: HB 5176'25
Transportation: funds; requirements for competitive bidding for certain road construction project contracts; modify. Amends sec. 11c of 1951 PA 51 (MCL 247.661c).
Highways: construction and repair; 10-year warranty contract on state road projects; require. Amends secs. 11, 12 & 13 of 1951 PA 51 (MCL 247.661 et seq.). TIE BAR WITH: HB 5175'25
Taxation: other; neighborhood road fund; create and provide for the distribution of the fund. Amends 1951 PA 51 (MCL 247.651 - 247.675) by adding sec. 13c.
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