Lansing, MI – The Michigan Senate voted in favor of legislation to allow emergency services authorities to use installment purchase agreements or issue bonds.
Senate Bill 821 was co-sponsored by Senator Dale Zorn, who said the law currently does not allow emergency services authorities to use installment purchase agreements to buy real or personal property, which means if they needed to purchase an ambulance, they would need to use a lease with an option to purchase.
The bill would allow local emergency services authorities to enter into installment purchase agreements and issue bonds.
The bill has been sent to the House of Representatives for consideration.
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