Sec. 15.
(1) The department annually shall prepare and submit to the committees of the house of representatives and senate responsible for tax policy and economic development issues a report on the utilization of obsolete property rehabilitation districts, based on the information filed with the commission.
(2) After this act has been in effect for 3 years, the department shall prepare and submit to the committees of the house of representatives and senate responsible for tax policy and economic development issues an economic analysis of the costs and benefits of this act in the 3 qualified local governmental units in which it has been most heavily utilized.
History: 2000, Act 146, Imd. Eff. June 6, 2000
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 146 of 2000 - Obsolete Property Rehabilitation Act (125.2781 - 125.2797)
Section 125.2781 - Short Title.
Section 125.2782 - Definitions.
Section 125.2785 - Approval or Disapproval of Resolution; Forward Copies.
Section 125.2789 - Value and Taxable Value of Property; Annual Determination.
Section 125.2791 - Lien; Proceedings.
Section 125.2793 - Transfer and Assignment of Certificate.
Section 125.2794 - Report to Commission.
Section 125.2795 - Report to Legislative Committees.