The bill amends the existing Michigan Public Act 51 to establish a new program aimed at providing financial assistance to businesses affected by road construction projects. Specifically, it introduces a "road construction business loss reimbursement program" that allows the Michigan Department of Transportation to grant funds to businesses that experience a significant decline in revenue due to unexpected street closures or prolonged construction projects. Grants can be awarded up to a maximum of $15,000 per year, and businesses must demonstrate their revenue loss based on average profits from the previous three tax years.

Additionally, the bill outlines the application process for these grants, including the criteria for prioritizing applications based on factors such as the rate of revenue decline and the severity of traffic disruption. The Department is required to report annually to the relevant legislative committees on the program's utilization, including the number of applications received and their approval status. A dedicated "road construction business loss reimbursement fund" is created to manage the financial resources for this program, with the Department overseeing its administration and expenditures.

Statutes affected:
House Introduced Bill: 247.651, 247.675