State finance: bonds; revenue bond act definitions; modify. Amends sec. 18 of 1933 PA 94 (MCL 141.118).

This bill modifies Michigan's revenue bond act to clarify how public improvements, such as utilities or transportation systems, must handle costs for services they provide. It mandates that these entities charge public corporations and other users for services rendered, ensuring costs are covered by current funds or taxes rather than being subsidized. The law includes specific exceptions allowing hospitals to offer free or reduced care to indigent patients and permitting free services to land bank fast track authorities. By requiring these charges, the legislation aims to ensure that public infrastructure projects are financially self-sustaining and properly accounted for.