The bill amends the existing Michigan Public Act 51 of 1951 to introduce a new section, 10q, which establishes a road investment incentive program administered by the state transportation department. This program aims to provide matching grants to local road agencies for the construction, maintenance, or repair of highways, roads, streets, and bridges under their jurisdiction. The grants will be awarded on a dollar-for-dollar matching basis, with the stipulation that the matching funds must not come from federal or state sources. Additionally, the total amount of grants awarded cannot exceed 1 mill on each dollar of the taxable value of all taxable property within the state.

The bill also mandates that the state transportation department create and publish criteria for the application, decision, award, and distribution of these grants on its website. Local road agencies receiving grants are required to verify the amount and source of local funds dedicated to the eligible projects annually. This initiative is designed to enhance local road infrastructure while ensuring that local agencies contribute their own funds to the projects.

Statutes affected:
Senate Introduced Bill: 247.651, 247.675