Michigan Compiled Laws
Chapter 390 - Universities and Colleges
Act 549 of 2008 - Michigan Promise Zone Authority Act (390.1661 - 390.1679)

Section 390.1661 - Short Title. - Sec. 1. This act shall be known and may be...

Section 390.1663 - Definitions. - Sec. 3. As used in this act: (a) "Authority" means...

Section 390.1664 - Promise Zone; Establishment by Governing Body; Resolution; Public Hearing; Application; Review by Department of Treasury; Determination of Eligibility; Certification; Approval of Resolution; Election by Local School District; Estab... - Sec. 4. (1) If a governing body determines that it...

Section 390.1664a - Ineligible Entity; Revenue Capture From State Education Tax. - Sec. 4a. (1) A city, township, county, local school district,...

Section 390.1665 - Promise Zone Authority; Creation; Authority as Public Body Corporate; Powers; Board; Oath; Proceedings and Rules Subject to Open Meetings Act; Removal of Board Member; Writings Subject to the Freedom of Information Act. - Sec. 5. (1) If a governing body, by resolution, establishes...

Section 390.1667 - Promise Zone Development Plan; Provisions; Funding for Out-of-State Postsecondary Institution Prohibited; Submission of Plan or Amendments to Department of Treasury; Failure to Submit Plan Within Certain Time Frame; Review; Approva... - Sec. 7. (1) A promise zone authority created under section...

Section 390.1669 - Cause of Action Not Created. - Sec. 9. (1) The establishment of a promise zone does...

Section 390.1671 - Director; Powers and Duties; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel; Deposit of Money; Administrative Costs; Limitation; Submission of Audited Financial Statements; Certification of Compliance. - Sec. 11. (1) The board may employ a director. All...

Section 390.1673 - Board; Powers. - Sec. 13. The board may do any of the following:...

Section 390.1675 - Budget. - Sec. 15. (1) The board shall adopt a budget for...

Section 390.1677 - Capture of State Education Tax; Determination of Base Year; Payments. - Sec. 17. (1) The authority shall determine the base year...

Section 390.1679 - Department of Treasury; Assumption of Operational Control; Dissolution; Resolution; Use of Remaining Property and Assets. - Sec. 19. (1) The department of treasury shall oversee the...