The bill amends the existing Michigan Public Act 51 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. 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 their local road funds dedicated to the projects funded by the matching grants each year. This initiative is designed to enhance local road infrastructure while ensuring accountability and transparency in the use of funds.

Statutes affected:
Senate Introduced Bill: 247.651, 247.675