Michigan · Statutes

Act Act-381-of-1996

29 sections

Mich. Comp. Laws § 125.2651Short title.
Mich. Comp. Laws § 125.2652Definitions.
Mich. Comp. Laws § 125.2653Brownfield redevelopment authority; establishment; exercise of powers; alteration or amendment of boundaries; authority as public body corporate; written agreement with county.
Mich. Comp. Laws § 125.2654Resolution by governing body; adoption; notice; public hearing; proceedings establishing authority; presumption of validity; exercise of powers as essential governmental function.
Mich. Comp. Laws § 125.2655Designation of board by governing body; membership; trustees; applicability of subsection (2); election of chairperson, vice-chairperson, and other officers; oath; procedural rules; meetings; special meetings; removal of member; records open to public; quorum.
Mich. Comp. Laws § 125.2656Appointment or employment of director, treasurer, secretary, personnel, and consultants; assistance provided by municipality; retirement and insurance programs.
Mich. Comp. Laws § 125.2657Powers of authority; determining captured taxable value; transfer of municipality funds to authority.
Mich. Comp. Laws § 125.2658Local brownfield revolving fund.
Mich. Comp. Laws § 125.2658aState brownfield redevelopment fund.
Mich. Comp. Laws § 125.2659Authority as instrumentality of political subdivision.
Mich. Comp. Laws § 125.2660Taking, transfer, and use of private property.
Mich. Comp. Laws § 125.2661Financing sources of authority activities.
Mich. Comp. Laws § 125.2662Bonds and notes of authority.
Mich. Comp. Laws § 125.2663Brownfield plan; provisions.
Mich. Comp. Laws § 125.2663aCost recovery action.
Mich. Comp. Laws § 125.2663bUse of taxes captured from eligible property.
Mich. Comp. Laws § 125.2663cTransformational brownfield plan.
Mich. Comp. Laws § 125.2664Brownfield plan; approval; public hearing; record; notice; public purpose; determination; amendments to plan; validity of procedure, notice, and findings; presumption; abolishment or termination of plan.
Mich. Comp. Laws § 125.2664aTransformational brownfield plan; approval and review by governing body and Michigan strategic fund; use of funds.
Mich. Comp. Laws § 125.2665Work plan; documents to be submitted for approval; conditions for approval; written response; time limitations; department specific activities; review by department; approval or denial of work plan as final decision; appeal; approval by Michigan strategic fund or Michigan state housing development authority; duties; criteria; failure to provide written response; final approval; report; distribution of remaining funds; extension of review period; approval of combined brownfield plan.
Mich. Comp. Laws § 125.2665aRetention and payment of taxes levied under state education tax act; conditions; use; application for approval by authority; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution of amount; aggregate amount; lien; obligations; copy of application; calculations; legislative intent; definitions.
Mich. Comp. Laws § 125.2665bReimbursement to intermediate school districts.
Mich. Comp. Laws § 125.2666Tax increment revenues; transmission to authority; expenditure; reversion of surplus funds; financial status report; Michigan strategic fund, and Michigan state housing development authority; searchable dataset; reporting obligations; performance postaudit report by auditor general; report by owner or developer for active project within brownfield plan; requirements applicable to transformational brownfield plan.
Mich. Comp. Laws § 125.2666aTransformational brownfield program; dedicated webpage.
Mich. Comp. Laws § 125.2666bMichigan strategic fund board meetings; livestream requirements.
Mich. Comp. Laws § 125.2667Authorization, issuance, and sale of tax increment bonds and notes.
Mich. Comp. Laws § 125.2668Operating budget.
Mich. Comp. Laws § 125.2669Dissolution of authority; distribution of tax revenues and interest.
Mich. Comp. Laws § 125.2670Enforcement proceedings.