Sec. 25.
The chief executive officer of the municipality may impose sanctions upon the corporation based on periodic performance reviews as prescribed by an ordinance of the municipality and with the approval of the governing body of the municipality.
History: 1995, Act 123, Imd. Eff. June 30, 1995
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 123 of 1995 - Enterprise Community Development Corporation Act (125.2601 - 125.2631)
Section 125.2601 - Short Title.
Section 125.2603 - Legislative Findings.
Section 125.2605 - Definitions.
Section 125.2609 - Articles of Incorporation; Filing; Validity.
Section 125.2611 - Incorporation of More Than 1 Corporation Prohibited.
Section 125.2617 - Disclosure of Interest in Matter Before Corporation.
Section 125.2619 - Board of Directors; Quorum.
Section 125.2621 - Corporation; Powers and Duties.
Section 125.2623 - Corporation; Dissolution.
Section 125.2625 - Imposition of Sanctions; Basis; Approval.
Section 125.2629 - Construction of Act.
Section 125.2631 - Authority of Act in Addition to Power of Municipality.