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Section 125.2651 - Short Title. - Sec. 1. This act shall be known and may be...
Section 125.2652 - Definitions. - Sec. 2. As used in this act: (a) "Authority" means...
Section 125.2653 - Brownfield Redevelopment Authority; Establishment; Exercise of Powers; Alteration or Amendment of Boundaries; Authority as Public Body Corporate; Written Agreement With County. - Sec. 3. (1) A municipality may establish 1 or more...
Section 125.2654 - Resolution by Governing Body; Adoption; Notice; Public Hearing; Proceedings Establishing Authority; Presumption of Validity; Exercise of Powers as Essential Governmental Function. - Sec. 4. (1) A governing body may declare by resolution...
Section 125.2655 - Designation 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; Re... - Sec. 5. (1) Each authority shall be under the supervision...
Section 125.2656 - Appointment or Employment of Director, Treasurer, Secretary, Personnel, and Consultants; Assistance Provided by Municipality; Retirement and Insurance Programs. - Sec. 6. (1) The board may employ and fix the...
Section 125.2657 - Powers of Authority; Determining Captured Taxable Value; Transfer of Municipality Funds to Authority. - Sec. 7. (1) An authority may do 1 or more...
Section 125.2658 - Local Brownfield Revolving Fund. - Sec. 8. (1) An authority may establish a local brownfield...
Section 125.2658a - State Brownfield Redevelopment Fund. - Sec. 8a. (1) The state brownfield redevelopment fund is created...
Section 125.2659 - Authority as Instrumentality of Political Subdivision. - Sec. 9. The authority shall be considered an instrumentality of...
Section 125.2660 - Taking, Transfer, and Use of Private Property. - Sec. 10. A municipality may transfer private property taken under...
Section 125.2661 - Financing Sources of Authority Activities. - Sec. 11. The activities of the authority shall be financed...
Section 125.2662 - Bonds and Notes of Authority. - Sec. 12. (1) The authority may borrow money and issue...
Section 125.2663 - Brownfield Plan; Provisions. - Sec. 13. (1) When adopting a brownfield plan, the board...
Section 125.2663a - Cost Recovery Action. - Sec. 13a. Costs of a response activity paid with tax...
Section 125.2663b - Use of Taxes Captured From Eligible Property. - Sec. 13b. (1) An authority shall not expend tax increment...
Section 125.2663c - Transformational Brownfield Plan. - Sec. 13c. (1) Subject to the approval of the governing...
Section 125.2664 - Brownfield Plan; Approval; Public Hearing; Record; Notice; Public Purpose; Determination; Amendments to Plan; Validity of Procedure, Notice, and Findings; Presumption; Abolishment or Termination of Plan. - Sec. 14. (1) Before approving a brownfield plan for an...
Section 125.2664a - Transformational Brownfield Plan; Approval and Review by Governing Body and Michigan Strategic Fund. - Sec. 14a. (1) The governing body and Michigan strategic fund...
Section 125.2665 - Work 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; Approv... - Sec. 15. (1) To seek department approval of a work...
Section 125.2665a - Retention 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; A... - Sec. 15a. (1) If the amount of tax increment revenues...
Section 125.2665b - Reimbursement to Intermediate School Districts. - Sec. 15b. (1) Beginning January 1, 2021, and each year...
Section 125.2666 - Tax Increment Revenues; Transmission to Authority; Expenditure; Reversion of Surplus Funds; Financial Status Report; Collection and Compilation of Financial Reports by Department and Michigan Strategic Fund; Reporting Obligations;... - Sec. 16. (1) The municipal and county treasurers shall transmit...
Section 125.2667 - Authorization, Issuance, and Sale of Tax Increment Bonds and Notes. - Sec. 17. (1) By resolution of its board, the authority...
Section 125.2668 - Operating Budget. - Sec. 18. (1) The authority shall prepare and approve a...
Section 125.2669 - Dissolution of Authority; Distribution of Tax Revenues and Interest. - Sec. 19. (1) An authority that completes the purposes for...
Section 125.2670 - Enforcement Proceedings. - Sec. 20. The state tax commission may institute proceedings to...
Section 125.2671 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017. - Compiler's Notes: The repealed section pertained to prohibition against capturing...
Section 125.2672 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017. - Compiler's Notes: The repealed section pertained to conditional effective date.