State Rep. Leslie Osborn is pulling her bill to outline how the state could divest of the Grand River Dam Authority (GRDA) should it become necessary. House Bill 1852, was awaiting consideration in the House Appropriations and Budget Committee, which Rep. Osborn chairs.
“House Bill 1852 was a intended to create a practical path to study how the state could unlock the value of Grand River Dam Authority,” she said. “The issue is emotional for many in area served by the GRDA, and my bill created a lot of good conversation regarding this issue, but also a lot of confusion and uncertainty. This discussion needs logic and reason, so I am pulling the measure and will request an interim study where lawmakers can study this issue and other state-owned assets in much deeper detail and hear from many more voices than the short legislative session allows.
“The state is experiencing a financial crisis with no end in sight. The only responsible way to approach our current fiscal situation is to examine every possible option for generating revenue for our state. As I have said on many occasions, our goal was not to divest the state of GRDA, but to start a discussion and develop an orderly process to determine if it would be prudent and plausible to do so, if necessary. We will continue to take a hard look at this issue until we have honestly answered this question.”