Michigan SB1081: Drains: financing; interest charged for drain projects; limit. Amends sec. 278 of 1956 PA 40 (MCL 280.278).

What the bill says

To amend 1956 PA 40, entitled "The drain code of 1956," by amending section 278 (MCL 280.278), as amended by 2016 PA 27.

From the introduced text, June 25, 2026:

A bill to amend 1956 PA 40, entitled "The drain code of 1956," by amending section 278 (MCL 280.278), as amended by 2016 PA 27. the people of the state of michigan enact: Sec. 278. If bonds or notes are issued and sold by the drain commissioner, installments of the drain taxes shall must bear interest at a rate that is not greater than 1% per annum more than the average rate of interest on the bonds or notes from the date of the preparation of the assessment roll until due. not to exceed the rate of interest payable on the bonds or notes. The bonds or notes may provide, if the drain commissioner so determines, for the payment of interest semiannually. The installments and the interest shall, must, as collected, be paid into the county treasury, and placed to the credit of credited to the fund of the drain, to be and used solely only for the payment of bonds or notes as they the bonds and notes mature or are subject to mandatory redemption. Money collected in anticipation of the payment of the bonds or notes shall must be deposited by the county treasurer in a bank or banks to be designated by the board of commissioners of the county and the interest received shall must belong to …

Read the full official text

Sponsors

• Anthony, Sarah (D, 21) · primary sponsor
• Bayer, Rosemary (D, 13)
• Cavanagh, Mary (D, 6)
• Geiss, Erika (D, 1)
• Johnson, Ruth (R, 24)

Latest actions

1. June 25, 2026: REFERRED TO COMMITTEE ON LOCAL GOVERNMENT
2. June 25, 2026: INTRODUCED BY SENATOR SARAH ANTHONY

Common questions

What is SB1081?

SB1081 is a bill in the Michigan Legislature (103rd Legislature): Drains: financing; interest charged for drain projects; limit. Amends sec. 278 of 1956 PA 40 (MCL 280.278).

What does SB1081 do?

In its own words: To amend 1956 PA 40, entitled "The drain code of 1956," by amending section 278 (MCL 280.278), as amended by 2016 PA 27.

What is the status of SB1081?

In committee as of June 25, 2026. Latest action: REFERRED TO COMMITTEE ON LOCAL GOVERNMENT (June 25, 2026).

Who sponsored SB1081?

Anthony, Sarah (D, 21), with 4 co-sponsors.

Where is the official record for SB1081?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-1081