Michigan Compiled Laws
Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)
57-2018-6 - Part 6 Corridor Improvement Authorities (125.4602...125.4629)

Section 125.4602 - Definitions; a to M. - Sec. 602. As used in this part: (a) "Advance" means...

Section 125.4603 - Definitions. - Sec. 603. As used in this part: (a) "Operations" means...

Section 125.4604 - Multiple Authorities; Establishment; Public Body Corporate; Powers. - Sec. 604. (1) Except as otherwise provided in this subsection,...

Section 125.4605 - Development Area; Establishment in Municipality; Exception; Criteria; Compliance. - Sec. 605. A development area shall only be established in...

Section 125.4606 - Creation of Authority; Resolution by Governing Body; Notice of Public Hearing; Adoption of Resolution Designating Boundaries; Alteration or Amendment; Interlocal Agreement. - Sec. 606. (1) If the governing body of a municipality...

Section 125.4607 - Annexation or Consolidation; Effect. - Sec. 607. If a development area is part of an...

Section 125.4608 - Authority Under Supervision and Control of Board; Membership; Appointment; Terms; Vacancy; Expenses; Chairperson; Oath; Proceedings and Rules Subject to Open Meetings Act; Removal of Board Member; Financial Records; Writings Subjec... - Sec. 608. (1) Except as provided in subsection (7) or...

Section 125.4609 - Director, Treasurer, Secretary, Legal Counsel, Other Personnel; Compensation; Duties. - Sec. 609. (1) The board may employ and fix the...

Section 125.4610 - Retirement and Insurance Programs. - Sec. 610. The employees of an authority shall be eligible...

Section 125.4611 - Board; Powers. - Sec. 611. (1) The board may do any of the...

Section 125.4612 - Authority as Instrument of Political Subdivision. - Sec. 612. The authority is an instrumentality of a political...

Section 125.4613 - Acquisition of Private Property; Transfer to Authority; Use. - Sec. 613. A municipality may acquire private property under 1911...

Section 125.4614 - Financing Sources; Disposition. - Sec. 614. (1) The activities of the authority shall be...

Section 125.4615 - Special Assessment; Levy; Borrowing Money and Issuing Notes. - Sec. 615. (1) An authority with the approval of the...

Section 125.4616 - Revenue Bonds. - Sec. 616. The authority may, with approval of the local...

Section 125.4617 - Acquisition or Construction of Property; Financing; Bonds or Notes. - Sec. 617. (1) The authority may with approval of the...

Section 125.4618 - Tax Increment Financing Plan. - Sec. 618. (1) If the authority determines that it is...

Section 125.4619 - Tax Increment Revenues; Transmission; Expenditures; Use. - Sec. 619. (1) The municipal and county treasurers shall transmit...

Section 125.4620 - Financing Development Program of Tax Increment Financing Plan; Authorization, Issuance, and Sale of General Obligation Bonds; Estimate of Anticipated Tax Increment Revenues; Resolution; Security; Lien. - Sec. 620. (1) The municipality may by resolution of its...

Section 125.4621 - Development Plan; Preparation; Contents. - Sec. 621. (1) If a board decides to finance a...

Section 125.4622 - Development Plan; Public Hearing; Notice; Contents; Opportunity to Speak; Hearing Record. - Sec. 622. (1) The governing body, before adoption of a...

Section 125.4623 - Approval, Rejection, or Approval With Modification; Considerations. - Sec. 623. The governing body after a public hearing on...

Section 125.4624 - Notice to Vacate. - Sec. 624. A person to be relocated under this part...

Section 125.4625 - Budget; Submission to Board; Preparation; Approval; Adoption; Cost of Handling and Auditing Funds. - Sec. 625. (1) The director of the authority shall submit...

Section 125.4626 - Preservation of Historical Sites. - Sec. 626. (1) A public facility, building, or structure that...

Section 125.4627 - Dissolution. - Sec. 627. An authority that has completed the purposes for...

Section 125.4629 - Tax Increment Revenues; Definition; Condition. - Sec. 629. (1) Subject to the requirements of subsection (2),...