Michigan Compiled Laws
Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)
57-2018-8 - Part 8 Neighborhood Improvement Authorities (125.4802...125.4821)

Section 125.4802 - Definitions; a to M. - Sec. 802. As used in this part: (a) "Advance" means...

Section 125.4803 - Definitions; O to T. - Sec. 803. As used in this part: (a) "Operations" means...

Section 125.4804 - Multiple Authorities; Establishment; Authority as Public Body Corporate. - Sec. 804. (1) Except as otherwise provided in this subsection,...

Section 125.4805 - Operation of Authority; Resolution of Intent; Public Hearing; Notice; Adoption of Ordinance Establishing Authority; Filing; Alteration or Amendment of Boundaries; Exclusions; Duration. - Sec. 805. (1) If the governing body of a municipality...

Section 125.4806 - Annexation or Consolidation With Another Municipality. - Sec. 806. If a development area is part of an...

Section 125.4807 - Board; Chief Executive Officer; Membership; Appointment; Terms; Vacancy; Oath; Open Meetings; Removal of Member; Financial Records; Writings Subject to Freedom of Information Act. - Sec. 807. (1) An authority shall be under the supervision...

Section 125.4808 - Director; Compensation; Service; Eligibility; Oath; Posting of Bond; Director as Chief Executive Officer; Duties of Director; Acting Director; Treasurer; Secretary; Retention of Legal Counsel; Other Personnel. - Sec. 808. (1) The board may employ and fix the...

Section 125.4809 - Municipal Retirement and Insurance Programs; Participation. - Sec. 809. The employees of an authority shall be eligible...

Section 125.4810 - Powers of Board. - Sec. 810. The board may do any of the following:...

Section 125.4811 - Financing Sources; Disposition of Money Received. - Sec. 811. (1) The activities of the authority shall be...

Section 125.4812 - Borrowing Money and Issuing Negotiable Revenue Bonds. - Sec. 812. The authority may borrow money and issue its...

Section 125.4813 - Acquisition or Construction of Property; Borrowing Money and Issuing Revenue Bonds; Other Financing; Securing Bonds and Notes; Pledge; Exemption From Taxation; Exceptions; Liability; Investments. - Sec. 813. (1) The authority may with approval of the...

Section 125.4814 - Tax Increment Financing Plan; Preparation and Submission; Contents; Hearing and Approval Procedure; Agreement With Taxing Jurisdiction; Modification; Exemption From Tax; Separate Millage for Public Library Purposes; Resolution. - Sec. 814. (1) If the authority determines that it is...

Section 125.4815 - Tax Increment Revenues; Transmission to Authority; Expenditures. - Sec. 815. (1) The municipal and county treasurers shall transmit...

Section 125.4816 - Authorization, Issuance, and Sale of Tax Increment Bonds; Limitations; Pledge; Resolution to Create Lien on Revenues; Limited Tax Pledge. - Sec. 816. (1) By resolution of its governing body, the...

Section 125.4817 - Development Plan; Contents. - Sec. 817. (1) If a board decides to finance a...

Section 125.4818 - Development Plan; Public Hearing; Notice; Opportunity to Speak and Provide Written Comment. - Sec. 818. (1) The governing body, before adoption of an...

Section 125.4819 - Development Plan or Tax Increment Financing Plan as Public Purpose; Consideration for Approval, Rejection, or Modification. - Sec. 819. The governing body after a public hearing on...

Section 125.4820 - Budget; Submission; Approval; Cost of Handling and Auditing Funds. - Sec. 820. (1) The director of the authority shall submit...

Section 125.4821 - Dissolution of Authority; Property and Assets. - Sec. 821. An authority that has completed the purposes for...