Michigan Compiled Laws
Act 86 of 2014 - Local Community Stabilization Authority Act (123.1341 - 123.1362)
Section 123.1360 - Repealed. 2016, Act 124, Eff. May 19, 2016.

Compiler's Notes: The repealed section pertained to loss replacement from certain exemptions.

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 123 - Local Government

Act 86 of 2014 - Local Community Stabilization Authority Act (123.1341 - 123.1362)

Section 123.1341 - Short Title.

Section 123.1343 - Legislative Findings; Declarations; Purpose of Act.

Section 123.1345 - Definitions.

Section 123.1347 - Local Community Stabilization Authority; Establishment; Public Body Corporate and Special Authority; Property of Authority as Public Property; Exemption From Taxes and Special Assessments; Presumption of Validity; Jurisdiction.

Section 123.1349 - Authority Council; Establishment as Governing Body; Membership; Appointment; Terms; Vacancy; Chairperson; Oath of Office; Compensation; Reimbursement for Travel and Expenses; Discharge of Duties; Meeting; Election of Officers; Cond...

Section 123.1351 - Powers, Duties, Functions, and Responsibilities of Authority.

Section 123.1352 - Local Community Stabilization Share; Power of Authority to Levy; Limitation; Receipt and Collection by Department; Generated Money as Money of Authority.

Section 123.1353 - Report by City and Township Assessor to County Equalization Director; Report by County Equalization Director to Department; Compilation of Municipality's Information; Calculation of Millage Rate and Debt Loss or School Debt Loss; R...

Section 123.1354 - Municipality Not Local School District, Intermediate School District, or Tax Increment Finance Authority; Municipality That Is County, Township, Village, City, or Authority Providing Essential Services; Duties of Department.

Section 123.1355 - Municipality That Is Local School District; Duties of Department.

Section 123.1356 - Municipality That Is Intermediate School District; Duties of Department.

Section 123.1356a - Municipality That Is Tax Increment Finance Authority; Calculation of Municipality's Tax Increment Small Taxpayer Loss; Duties of Municipality; Report.

Section 123.1356b - Calculation by Municipality That Is Tax Increment Finance Authority; Form and Manner; Extension of Calculation and Reporting Date; Exclusion.

Section 123.1357 - Appropriation of Funds; Purposes; Distribution to Municipalities; Distribution of Local Community Stabilization Share Revenue; Priority; Payments, Overpayments, and Underpayments; Insufficient Funds; Use of Revenue; Distribution; A...

Section 123.1358 - Distributions; Determination by Department; Submission of Information by Municipality; Availability; Municipality Review and Reporting.

Section 123.1359 - Bonds or Other Obligations; Issuance.

Section 123.1360 - Repealed. 2016, Act 124, Eff. May 19, 2016.

Section 123.1361 - Debt Payment.

Section 123.1362 - Construction of Act.