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Section 125.4401 - Legislative Findings; Short Title of Part. - Sec. 401. (1) The legislature finds all of the following:...
Section 125.4402 - Definitions. - Sec. 402. As used in this part: (a) "Advance" means...
Section 125.4403 - Authority; Establishment by Municipality; Establishment by Next Michigan Development Corporation; Limitation; Powers. - Sec. 403. (1) Except as otherwise provided by subsection (2),...
Section 125.4404 - Resolution 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 Designa... - Sec. 404. (1) The governing body of a municipality may...
Section 125.4405 - Board; 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;... - Sec. 405. (1) The authority shall be under the supervision...
Section 125.4406 - Director; 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 Se... - Sec. 406. (1) The board may employ and fix the...
Section 125.4407 - Powers of Board Generally. - Sec. 407. The board may: (a) Study and analyze unemployment,...
Section 125.4408 - Authority as Instrumentality of Political Subdivision. - Sec. 408. The authority shall be considered an instrumentality of...
Section 125.4409 - Taking, Transfer, and Use of Private Property. - Sec. 409. A municipality may take private property under the...
Section 125.4410 - Financing Activities of Authority. - Sec. 410. The activities of the authority shall be financed...
Section 125.4411 - Revenue Bonds. - Sec. 411. (1) The authority may borrow money and issue...
Section 125.4411a - Insufficient 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;... - Sec. 411a. (1) If the amount of tax increment revenues...
Section 125.4411b - Retention 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; Approp... - Sec. 411b. (1) If the amount of tax increment revenues...
Section 125.4412 - Tax Increment Financing Plan. - Sec. 412. (1) If the board determines that it is...
Section 125.4412a - Designation 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... - Sec. 412a. (1) A municipality that has created an authority...
Section 125.4412b - Creation 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... - Sec. 412b. (1) A municipality that has created an authority...
Section 125.4412c - Designation 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 Su... - Sec. 412c. (1) A municipality that has created an authority...
Section 125.4412d - Conveyance or Lease of Public Facilities at Less Than Fair Market Value or Below Market Rates. - Sec. 412d. (1) If an authority determines that a sale...
Section 125.4412e - Notice of Designation of Next Michigan Development Area; Marketing of Authority District by Michigan Economic Development Corporation; Pledge to Support Tax Increment Bonds. - Sec. 412e. (1) A Next Michigan development corporation establishing an...
Section 125.4413 - Tax Increment Revenues Transmitted to Authority; Expenditure of Tax Increment Revenues; Retention or Reversion of Excess Revenue; Prohibition; Abolition of Tax Increment Financing Plan. - Sec. 413. (1) The city, village, township, school district, and...
Section 125.4414 - Tax Increment Bonds; Qualified Refunding Obligation. - Sec. 414. (1) By resolution of its board and subject...
Section 125.4415 - Development Plan Generally. - Sec. 415. (1) If a board decides to finance a...
Section 125.4416 - Adoption of Resolution Approving Development Plan or Tax Increment Financing Plan; Public Hearing; Notice; Record. - Sec. 416. (1) Before adoption of a resolution approving or...
Section 125.4417 - Development Plan or Tax Increment Financing Plan as Constituting Public Purpose; Approval or Rejection; Considerations; Amendments; Procedure, Notice, Findings, and Amendment as Conclusive; Contest. - Sec. 417. (1) After a public hearing on the development...
Section 125.4418 - Relocation of Person; Notice to Vacate. - Sec. 418. A person to be relocated under this part...
Section 125.4419 - Preparation and Submission of Budget; Manner; Approval; Cost of Handling and Auditing Funds. - Sec. 419. (1) The director of the authority shall prepare...
Section 125.4420 - Dissolution of Authority; Resolution; Disposition of Property and Assets. - Sec. 420. An authority that completes the purposes for which...