State finance: authorities; use of grant funds and issuance of revenue bonds; modify. Amends title & secs. 2, 8, 9, 10, 13, 14, 14a, 16, 18, 20, 23, 24 & 25 of 1978 PA 639 (MCL 120.102 et seq.) & adds sec. 19a.
Key claim: Michigan SB0052 amends the Hertel-Law-T. Stopczynski Port Authority Act to modify how port authorities may use grant funds and issue revenue bonds, and has been enacted as PA 0077’26.
Abstract
(SB0052 · 103rd Legislature) State finance: authorities; use of grant funds and issuance of revenue bonds; modify. Amends title & secs. 2, 8, 9, 10, 13, 14, 14a, 16, 18, 20, 23, 24 & 25 of 1978 PA 639 (MCL 120.102 et seq.) & adds sec. 19a. Sponsor: Sen. Erika Geiss (D) + 4 co-sponsors Latest vote: House Third Reading: Given Immediate Effect Roll Call #310 — 104-0 (passed, 2026-07-03) Latest action (2026-07-29): Assigned Pa 0077’26 With Immediate Effect
Why this matters
Port authorities are quasi-governmental economic development entities that finance maritime and freight infrastructure through grants and revenue bonds, affecting local business investment, waterfront jobs, and taxpayer exposure on non-general-obligation debt. This enacted amendment modernizes their financing toolkit under 1978 PA 639, which can shape how Michigan ports compete for federal and state grants and structure bond-financed projects.