Michigan Compiled Laws
57-2018-2 - Part 2 Downtown Development Authorities (125.4201...125.4230)
Section 125.4209 - Authority as Instrumentality of Political Subdivision.

Michigan Compiled Laws

Chapter 125 - Planning, Housing, and Zoning

Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)

57-2018-2 - Part 2 Downtown Development Authorities (125.4201...125.4230)

Section 125.4201 - Definitions.

Section 125.4201a - Legislative Findings.

Section 125.4202 - Authority; Establishment; Restriction; Public Body Corporate; Powers Generally.

Section 125.4203 - Resolution of Intent to Create and Provide for Operation of Authority; Public Hearing on Proposed Ordinance Creating Authority and Designating Boundaries of Downtown District; Notice; Exemption of Taxes From Capture; Action by Libr...

Section 125.4203a - Authority of Annexing or Consolidated Municipality; Obligations, Agreements, and Bonds.

Section 125.4203b - Ratification and Validation of Ordinance and Actions; Compliance.

Section 125.4203c - Proceedings or Findings; Validity.

Section 125.4203d - Establishment or Amendment of Authority, District, or Plan; Notice; Publication or Posting.

Section 125.4204 - Board; Appointment, Terms, and Qualifications of Members; Vacancy; Compensation and Expenses; Election of Chairperson; Appointment as Public Official; Oath; Conducting Business at Public Meeting; Public Notice; Special Meetings; Re...

Section 125.4205 - Director; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel.

Section 125.4206 - Participation of Employees in Municipal Retirement and Insurance Programs.

Section 125.4207 - Powers of Board; Creation, Operation, or Funding of Retail Business Incubator.

Section 125.4208 - Board Serving as Planning Commission; Agenda.

Section 125.4209 - Authority as Instrumentality of Political Subdivision.

Section 125.4210 - Taking, Transfer, and Use of Private Property.

Section 125.4211 - Financing Activities of Authority; Disposition of Money Received by Authority; Municipal Obligations.

Section 125.4212 - Ad Valorem Tax; Borrowing in Anticipation of Collection.

Section 125.4213 - Revenue Bonds.

Section 125.4213a - Borrowing Money; Issuing Revenue Bonds or Notes; Purpose; Costs; Security; Pledge and Lien of Pledge Valid and Binding; Filing or Recordation Not Required; Tax Exemption; Bonds or Notes Neither Liability nor Debt of Municipality;...

Section 125.4213b - Insufficient Tax Increment Revenues to Repay Advance or Pay Obligation; Contents, Time, and Payment of Claim; Appropriation and Distribution of Aggregate Amount; Limitations; Distribution Subject to Lien; Obligation as Debt or Lia...

Section 125.4213c - Retention and Payment of Taxes Levied Under State Education Tax Act; Conditions; Application by Authority for Approval; Information to Be Included; Approval, Modification, or Denial of Application by Department of Treasury; Approp...

Section 125.4214 - Tax Increment Financing Plan; Preparation and Contents; Limitation; Public Hearing; Fiscal and Economic Implications; Recommendations; Agreements; Modification of Plan; Catalyst Development Project.

Section 125.4215 - Transmitting and Expending Tax Increments Revenues; Reversion of Surplus Funds; Abolishment of Tax Increment Financing Plan; Conditions.

Section 125.4216 - General Obligation Bonds and Tax Increment Bonds; Qualified Refunding Obligation.

Section 125.4217 - Development Plan; Preparation; Contents.

Section 125.4218 - Ordinance Approving or Amending Development Plan or Tax Increment Financing Plan; Public Hearing; Notice; Record.

Section 125.4219 - Development Plan or Tax Increment Financing Plan as Constituting Public Purpose; Determination; Ordinance; Considerations; Amendments; Incorporation of Catalyst Development Project Plan.

Section 125.4220 - Notice to Vacate.

Section 125.4221 - Development Area Citizens Council; Establishment; Appointment and Qualifications of Members; Representative of Development Area.

Section 125.4222 - Development Area Citizens Council; Advisory Body.

Section 125.4223 - Consultation.

Section 125.4224 - Development Area Citizens Council; Meetings; Notice; Record; Information and Technical Assistance; Failure to Organize, Consult, or Advise.

Section 125.4225 - Citizens District Council as Development Area Citizens Council.

Section 125.4226 - Notice of Findings and Recommendations.

Section 125.4227 - Development Area Citizens Council; Dissolution.

Section 125.4228 - Budget; Cost of Handling and Auditing Funds.

Section 125.4228a - Exemption.

Section 125.4229 - Historic Sites.

Section 125.4230 - Dissolution of Authority; Disposition of Property and Assets; Reinstatement of Authority; Contesting Validity of Proceedings, Findings, and Determinations.