The bill amends the Michigan Broadband Development Authority Act by updating the definitions and roles of various entities involved in broadband development. Notably, it clarifies that the "Authority" refers to the Michigan Broadband Development Authority, with specific provisions for its definition beginning on December 28, 2008. The bill also specifies that the "Board" means the authority itself from the same date. Additionally, it introduces a new definition for "Michigan state housing development authority" and modifies the term "person" to include a broader range of entities while excluding the state itself from this definition.

Furthermore, the bill makes changes to the language regarding the capital reserve fund requirement, replacing "shall" with "must" to emphasize the obligation. It also repeals Section 6 of the Michigan Broadband Development Authority Act, which may streamline the authority's operations. The enactment of this amendatory act is contingent upon the passage of Senate Bill No. 631 of the 103rd Legislature.

Statutes affected:
Senate Introduced Bill: 484.3203, 484.3206