The bill amends the Recreational Authorities Act in Michigan to facilitate the establishment and operation of recreational authorities by reducing the number of municipalities required to form such an authority from two to one. It clarifies that these authorities are governmental subdivisions of the state and mandates that articles of incorporation must detail the authority's name, participating municipalities, and its purposes, which now explicitly include the acquisition and management of public forests and natural resource areas. Additionally, the bill introduces provisions for the dissolution of an authority, stating that upon dissolution, property and assets will vest in the participating municipalities unless specified otherwise.

Moreover, the bill revises the borrowing and bond issuance capabilities of recreational authorities, limiting their ability to borrow or issue bonds to a maximum of 2 mills of the taxable value of property within the district. It specifies that bonds or notes are debts of the authority and not the municipalities. The language regarding the extension of taxes levied for bond obligations is modified from "shall" to "must," indicating that such taxes cannot exceed five years without majority approval from electors in each participating municipality. The bill's enactment is contingent upon the passage of two other specified bills from the 103rd Legislature.