Sec. 3.
There exists in this state the continuing need for programs to alleviate and prevent conditions of long-term unemployment, economic distress, and accompanying social ills. Accordingly, the legislature finds that in order to stimulate the creation of new jobs and to promote the revitalization of distressed areas, it is necessary to empower municipalities to create empowerment zone development corporations to facilitate the implementation of municipalities' strategic plans aimed toward those ends, and to ensure local oversight of strategic plan implementation.
History: 1995, Act 75, Imd. Eff. June 13, 1995
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 75 of 1995 - Empowerment Zone Development Corporation Act (125.2561 - 125.2591)
Section 125.2561 - Short Title.
Section 125.2563 - Legislative Findings.
Section 125.2565 - Definitions.
Section 125.2569 - Articles of Incorporation; Filing; Validity.
Section 125.2571 - Incorporation of More Than 1 Corporation Prohibited.
Section 125.2577 - Disclosure of Interest in Matter Before Corporation.
Section 125.2579 - Board of Directors; Quorum.
Section 125.2581 - Corporation; Powers and Duties.
Section 125.2583 - Corporation; Dissolution.
Section 125.2585 - Imposition of Sanctions; Basis; Approval.
Section 125.2589 - Construction of Act.
Section 125.2591 - Authority of Act in Addition to Power of Municipality.