Clarifies the role of a corporation electing to be governed as a workers' cooperative to allow it to operate as a hiring hall under certain circumstances.
Directs the public utilities commission to establish a standardized framework for determining authorized common equity ratios and authorized rates of returns on equity for public utilities.
Authorizes an annual two and one-half percent (2.5%) escalation for all active and retired police and firefighter's retirement pension allowance, compounded each year on January 1 following the year of retirement and continuing yearly, on that date.
Provides that a school district could elect and choose to not spend money on any mandate that is not fully funded through the state education aid formula.
Exempts from sales tax the trade-in values of motorcycles as well the proceeds received as a result of an unrecovered stolen or total loss of a motorcycle.
Requires that before any fire fighter or police officer is eligible to receive benefits for illness or injury sustained off duty, they prove they had reasonable grounds to believe that an emergency existed that required immediate need of their assistance.
Changes the residential limit for any substantial multi-family housing project not to exceed forty thousand (40,000) residents according to the United States Census Bureau.
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.