Michigan · Statutes
Act Act-57-of-2018
186 sections
186 sections
- Mich. Comp. Laws § 125.4101Short title.
- Mich. Comp. Laws § 125.4102Repeal of statute or section of law; effect.
- Mich. Comp. Laws § 125.4103Board of authority created under repealed statute or section of law; continuation in office; duration; appointment.
- Mich. Comp. Laws § 125.4104Act as recodification of certain existing acts.
- Mich. Comp. Laws § 125.4201Definitions.
- Mich. Comp. Laws § 125.4201aLegislative findings.
- Mich. Comp. Laws § 125.4202Authority; establishment; restriction; public body corporate; powers generally.
- Mich. Comp. Laws § 125.4203Resolution of intent to create and provide for operation of authority; public hearing on proposed ordinance creating authority and designating boundaries of downtown district; notice; exemption of taxes from capture; action by library board or commission; adoption, filing, and publication of ordinance; altering or amending boundaries; agreement with adjoining municipality; agreement with qualified township.
- Mich. Comp. Laws § 125.4203aAuthority of annexing or consolidated municipality; obligations, agreements, and bonds.
- Mich. Comp. Laws § 125.4203bRatification and validation of ordinance and actions; compliance.
- Mich. Comp. Laws § 125.4203cProceedings or findings; validity.
- Mich. Comp. Laws § 125.4203dEstablishment or amendment of authority, district, or plan; notice; publication or posting.
- Mich. Comp. Laws § 125.4204Board; appointment, terms, and qualifications of members; vacancy; compensation and expenses; election of chairperson; appointment as public official; oath; conducting business at public meeting; public notice; special meetings; removal of member; review; expense items and financial records; availability of writings to public; single board governing all authorities; member as resident or having interest in property; planning commission serving as board in certain municipalities; modification by interlocal agreement.
- Mich. Comp. Laws § 125.4205Director; acting director; treasurer; secretary; legal counsel; other personnel.
- Mich. Comp. Laws § 125.4206Participation of employees in municipal retirement and insurance programs.
- Mich. Comp. Laws § 125.4207Powers of board; creation, operation, or funding of retail business incubator.
- Mich. Comp. Laws § 125.4208Board serving as planning commission; agenda.
- Mich. Comp. Laws § 125.4209Authority as instrumentality of political subdivision.
- Mich. Comp. Laws § 125.4210Taking, transfer, and use of private property.
- Mich. Comp. Laws § 125.4211Financing activities of authority; disposition of money received by authority; municipal obligations.
- Mich. Comp. Laws § 125.4212Ad valorem tax; borrowing in anticipation of collection.
- Mich. Comp. Laws § 125.4213Revenue bonds.
- Mich. Comp. Laws § 125.4213aBorrowing money; issuing revenue bonds or notes; purpose; costs; security; pledge and lien of pledge valid and binding; filing or recordation not required; tax exemption; bonds or notes neither liability nor debt of municipality; statement; investment and deposit of bonds and notes.
- Mich. Comp. Laws § 125.4213bInsufficient tax increment revenues to repay advance or pay obligation; contents, time, and payment of claim; appropriation and distribution of aggregate amount; limitations; distribution subject to lien; obligation as debt or liability; certification of distribution amount; basis for calculation of distributions and claim reports.
- Mich. Comp. Laws § 125.4213cRetention and payment of taxes levied under state education tax act; conditions; application by authority for approval; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution of amount; calculation of aggregate amount; lien; reimbursement calculations; legislative intent.
- Mich. Comp. Laws § 125.4214Tax increment financing plan; preparation and contents; limitation; public hearing; fiscal and economic implications; recommendations; agreements; modification of plan; catalyst development project.
- Mich. Comp. Laws § 125.4215Transmitting and expending tax increments revenues; reversion of surplus funds; abolishment of tax increment financing plan; conditions.
- Mich. Comp. Laws § 125.4216General obligation bonds and tax increment bonds; qualified refunding obligation.
- Mich. Comp. Laws § 125.4217Development plan; preparation; contents.
- Mich. Comp. Laws § 125.4218Ordinance approving or amending development plan or tax increment financing plan; public hearing; notice; record.
- Mich. Comp. Laws § 125.4219Development plan or tax increment financing plan as constituting public purpose; determination; ordinance; considerations; amendments; incorporation of catalyst development project plan.
- Mich. Comp. Laws § 125.4220Notice to vacate.
- Mich. Comp. Laws § 125.4221Development area citizens council; establishment; appointment and qualifications of members; representative of development area.
- Mich. Comp. Laws § 125.4222Development area citizens council; advisory body.
- Mich. Comp. Laws § 125.4223Consultation.
- Mich. Comp. Laws § 125.4224Development area citizens council; meetings; notice; record; information and technical assistance; failure to organize, consult, or advise.
- Mich. Comp. Laws § 125.4225Citizens district council as development area citizens council.
- Mich. Comp. Laws § 125.4226Notice of findings and recommendations.
- Mich. Comp. Laws § 125.4227Development area citizens council; dissolution.
- Mich. Comp. Laws § 125.4228Budget; cost of handling and auditing funds.
- Mich. Comp. Laws § 125.4228aExemption.
- Mich. Comp. Laws § 125.4229Historic sites.
- Mich. Comp. Laws § 125.4230Dissolution of authority; disposition of property and assets; reinstatement of authority; contesting validity of proceedings, findings, and determinations.
- Mich. Comp. Laws § 125.4301Definitions.
- Mich. Comp. Laws § 125.4301aShort title of part.
- Mich. Comp. Laws § 125.4302Authority; establishment; public body corporate; powers generally.
- Mich. Comp. Laws § 125.4303Resolution of intent to create and provide operation of authority; determinations; notice of public hearing; adoption, filing, and publication of resolution establishing authority and designating boundaries of authority district; alteration or amendment of boundaries; validity of proceedings establishing authority; action by library board or commission.
- Mich. Comp. Laws § 125.4304Board; composition; chairperson; oath of member; rules governing procedure and meetings; meetings open to public; removal of member; publicizing expense items; financial records open to public.
- Mich. Comp. Laws § 125.4305Board; employment, compensation, term, oath, and bond of director; chief executive office; duties of director; absence or disability of director; reports; employment, compensation, and duties of treasurer and secretary; retention and duties of legal counsel; employment of other personnel; participation in municipal retirement and insurance programs.
- Mich. Comp. Laws § 125.4307Board; powers generally.
- Mich. Comp. Laws § 125.4308Board serving as planning commission; agenda.
- Mich. Comp. Laws § 125.4309Authority as instrumentality of political subdivision.
- Mich. Comp. Laws § 125.4310Taking, transfer, and use of private property by municipality.
- Mich. Comp. Laws § 125.4311Financing activities of authority; sources.
- Mich. Comp. Laws § 125.4312Borrowing money; issuing negotiable revenue bonds; full faith and credit.
- Mich. Comp. Laws § 125.4312aInsufficient tax increment revenues for repayment of advance or payment of obligation; appropriation and distribution to authority; filing, time, and contents of claim; distribution of amounts in 2 equal payments; appropriation and distribution of aggregate amount; limitations; distribution subject to lien; obligation as debt or liability; certification of distribution amount; basis for calculations of distributions and claims reports; debt payment period.
- Mich. Comp. Laws § 125.4312bRetention and payment of taxes levied under state education tax act; conditions; application by authority for approval; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution of amount; calculation of aggregate amount; lien; reimbursement calculations; legislative intent.
- Mich. Comp. Laws § 125.4313Preparation and submission of tax increment financing plan; contents and approval of plan; public hearing; taxing jurisdictions.
- Mich. Comp. Laws § 125.4314Transmitting and expending tax increment revenues; disposition of surplus funds; abolition of tax increment financing plan.
- Mich. Comp. Laws § 125.4315Tax increment bonds; qualified refunding obligation.
- Mich. Comp. Laws § 125.4316Development plan; preparation; contents.
- Mich. Comp. Laws § 125.4317Public hearing on development plan; publication, mailing, and contents of notice; presentation of data; record.
- Mich. Comp. Laws § 125.4318Development plan or tax increment plan as public purpose; determination; approval or rejection of plan; notice and hearing; conclusiveness of procedure, adequacy of notice, and certain findings; validation and conclusiveness of plan; contesting plan.
- Mich. Comp. Laws § 125.4319Notice to vacate.
- Mich. Comp. Laws § 125.4320Development area citizens council; establishment; advisory body; appointment and qualifications of members.
- Mich. Comp. Laws § 125.4321Consultation representative of authority and council.
- Mich. Comp. Laws § 125.4322Meetings of council; open to public; notice; hearing persons present at meeting; record; information and technical assistance; failures not precluding adoption of development plan.
- Mich. Comp. Laws § 125.4323Development or tax increment financing plan; notice of findings and recommendations.
- Mich. Comp. Laws § 125.4324Development area citizens council; dissolution.
- Mich. Comp. Laws § 125.4325Budget; cost of handling and auditing funds.
- Mich. Comp. Laws § 125.4326Preservation of public facility, building, or structure having significant historical interest; review of proposed changes to exterior of historic site.
- Mich. Comp. Laws § 125.4327Dissolution of authority; resolution; disposition of property and assets.
- Mich. Comp. Laws § 125.4328Authority district part of area annexed to or consolidated with another municipality; authority of annexing or consolidated municipality; effect of obligations, agreements, and bonds.
- Mich. Comp. Laws § 125.4329New authority or authority district and boundaries of authority district; prohibitions; validity of tax increment finance authority, authority district, development area, development plan, or tax increment financing plan established before December 30, 1986; development area created or expanded after December 29, 1986.
- Mich. Comp. Laws § 125.4401Legislative findings; short title of part.
- Mich. Comp. Laws § 125.4402Definitions.
- Mich. Comp. Laws § 125.4403Authority; establishment by municipality; establishment by Next Michigan development corporation; limitation; powers.
- Mich. Comp. Laws § 125.4404Resolution of intent to create and provide for operation of authority; notice of public hearing; hearing; resolution exempting taxes from capture; action of library board or commission; resolution establishing authority and designating boundaries; filing and publication; alteration or amendment of boundaries; validity of proceedings; establishment of authority by 2 or more municipalities; procedures to be followed by Next Michigan development corporation.
- Mich. Comp. Laws § 125.4405Board; appointment, qualification, and terms of members; vacancy; reimbursement for expenses; chairperson; oath of office; rules; procedure; meetings; removal of member; publicizing expense items; financial records open to public; subsections (1) and (5) inapplicable to certain authority.
- Mich. Comp. Laws § 125.4406Director; employment; compensation; oath of office; bond; chief executive officer; duties; acting director; appointment or employment, compensation, and duties of treasurer; appointment or employment, compensation, and duties of secretary; legal counsel; employment of other personnel; municipal retirement and insurance programs.
- Mich. Comp. Laws § 125.4407Powers of board generally.
- Mich. Comp. Laws § 125.4408Authority as instrumentality of political subdivision.
- Mich. Comp. Laws § 125.4409Taking, transfer, and use of private property.
- Mich. Comp. Laws § 125.4410Financing activities of authority.
- Mich. Comp. Laws § 125.4411Revenue bonds.
- Mich. Comp. Laws § 125.4411aInsufficient tax increment revenues for repayment of advance or payment of obligation; appropriation; filing claim; information required in claim; distributions; determination of amounts; limitations; distribution subject to lien; indebtedness, liability, or obligation; certification of distribution amount; basis for calculation of distributions and claims reports; use of 12-month debt payment period.
- Mich. Comp. Laws § 125.4411bRetention and payment of taxes levied under state education tax act; conditions; application by authority for approval; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution of amount; calculation of aggregate amount; lien; reimbursement calculations; legislative intent.
- Mich. Comp. Laws § 125.4412Tax increment financing plan.
- Mich. Comp. Laws § 125.4412aDesignation as certified technology park; application to Michigan economic development corporation; agreement; determination of sale price or rental value for public facilities; inclusion of legal and equitable remedies and rights; marketing services; additional certified technology parks; priority to certain applications; duties of state.
- Mich. Comp. Laws § 125.4412bCreation of authority in which certified technology park designated; agreement with another authority; designation of distinct geographic area; consideration of advantages and benefits; capture of amounts levied by state and local and intermediate school districts; application for approval of distinct geographic area; competitive application process; requirements.
- Mich. Comp. Laws § 125.4412cDesignation as certified alternative energy park; application; criteria; agreement; determination of sale price or rental value for public facilities; inclusion of legal and equitable remedies and rights; limitations; pledge to support authority's tax increment bonds; ownership and operation by economic development corporation.
- Mich. Comp. Laws § 125.4412dConveyance or lease of public facilities at less than fair market value or below market rates.
- Mich. Comp. Laws § 125.4412eNotice of designation of Next Michigan development area; marketing of authority district by Michigan economic development corporation; pledge to support tax increment bonds.
- Mich. Comp. Laws § 125.4413Tax increment revenues transmitted to authority; expenditure of tax increment revenues; retention or reversion of excess revenue; prohibition; abolition of tax increment financing plan.
- Mich. Comp. Laws § 125.4414Tax increment bonds; qualified refunding obligation.
- Mich. Comp. Laws § 125.4415Development plan generally.
- Mich. Comp. Laws § 125.4416Adoption of resolution approving development plan or tax increment financing plan; public hearing; notice; record.
- Mich. Comp. Laws § 125.4417Development plan or tax increment financing plan as constituting public purpose; approval or rejection; considerations; amendments; procedure, notice, findings, and amendment as conclusive; contest.
- Mich. Comp. Laws § 125.4418Relocation of person; notice to vacate.
- Mich. Comp. Laws § 125.4419Preparation and submission of budget; manner; approval; cost of handling and auditing funds.