The bill amends the Urban Cooperation Act of 1967 by updating several sections to clarify the powers and responsibilities of public agencies in Michigan regarding joint exercises of power. Notably, it introduces new provisions that allow public agencies to collaborate with other agencies across state lines and with federal and Canadian entities, while explicitly excluding certain economic development bodies from this joint exercise. The bill also specifies that any joint exercise of power must be formalized through interlocal agreements, which can outline various operational details, including financial arrangements, personnel management, and dispute resolution.

Additionally, the bill establishes that a separate legal entity may be created through an interlocal agreement to manage the joint exercise of power, with specific limitations on its authority, such as the inability to levy taxes or issue bonds independently. It also emphasizes the need for accountability and transparency in financial dealings, mandating annual audits and strict reporting requirements. The amendments aim to enhance cooperation among public agencies while ensuring that economic development efforts are conducted within a clear legal framework.

Statutes affected:
House Introduced Bill: 124.504