Sec. 3.
(1) A municipality may establish 1 or more authorities. Except as provided in subsection (4), an authority with zones established before June 6, 2000 shall exercise its powers within its designated zones. Except as provided in subsection (4), an authority established on or after June 6, 2000 shall exercise its powers over any eligible property located in the municipality.
(2) An authority with zones established before June 6, 2000 may alter or amend the boundaries of those zones if the authority holds a public hearing on the alteration or amendment using the procedures under section 4(2), (3), and (4).
(3) The authority shall be a public body corporate that may sue and be sued in a court of competent jurisdiction. The authority possesses all the powers necessary to carry out the purpose of its incorporation. The enumeration of a power in this act is not a limitation upon the general powers of the authority. The powers granted in this act to an authority may be exercised whether or not bonds are issued by the authority.
(4) An authority established by a county shall exercise its powers with respect to eligible property within a city, village, or township within the county only if that city, village, or township has concurred with the provisions of a brownfield plan that apply to that eligible property within the city, village, or township.
(5) A city, village, or township including a city, village, or township that is a qualified local governmental unit may enter into a written agreement with the county in which that city, village, or township is located to exercise the powers granted to that specific city, village, or township under this act.
History: 1996, Act 381, Eff. Sept. 16, 1996 ;-- Am. 2000, Act 145, Imd. Eff. June 6, 2000 ;-- Am. 2016, Act 471, Eff. Apr. 5, 2017
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)
Section 125.2651 - Short Title.
Section 125.2652 - Definitions.
Section 125.2658 - Local Brownfield Revolving Fund.
Section 125.2658a - State Brownfield Redevelopment Fund.
Section 125.2659 - Authority as Instrumentality of Political Subdivision.
Section 125.2660 - Taking, Transfer, and Use of Private Property.
Section 125.2661 - Financing Sources of Authority Activities.
Section 125.2662 - Bonds and Notes of Authority.
Section 125.2663 - Brownfield Plan; Provisions.
Section 125.2663a - Cost Recovery Action.
Section 125.2663b - Use of Taxes Captured From Eligible Property.
Section 125.2663c - Transformational Brownfield Plan.
Section 125.2665b - Reimbursement to Intermediate School Districts.
Section 125.2667 - Authorization, Issuance, and Sale of Tax Increment Bonds and Notes.
Section 125.2668 - Operating Budget.
Section 125.2669 - Dissolution of Authority; Distribution of Tax Revenues and Interest.
Section 125.2670 - Enforcement Proceedings.
Section 125.2671 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.
Section 125.2672 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.