Sec. 604.
(1) Except as otherwise provided in this subsection, a municipality may establish multiple authorities. A parcel of property shall not be included in more than 1 authority created under this part.
(2) A city, village, or township located in a county with a population of more than 335,000 and less than 415,000 and that has not less than 2 state public universities within its boundaries may by resolution join with 1 or more cities, villages, or townships located in a county with a population of more than 335,000 and less than 415,000 and that has not less than 2 state public universities within its boundaries to create a joint authority under this part.
(3) An authority is a public body corporate which may sue and be sued in any court of this state. An authority possesses all the powers necessary to carry out its purpose. The enumeration of a power in this part shall not be construed as a limitation upon the general powers of an authority.
History: 2018, Act 57, Eff. Jan. 1, 2019
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)
57-2018-6 - Part 6 Corridor Improvement Authorities (125.4602...125.4629)
Section 125.4602 - Definitions; a to M.
Section 125.4603 - Definitions.
Section 125.4604 - Multiple Authorities; Establishment; Public Body Corporate; Powers.
Section 125.4605 - Development Area; Establishment in Municipality; Exception; Criteria; Compliance.
Section 125.4607 - Annexation or Consolidation; Effect.
Section 125.4610 - Retirement and Insurance Programs.
Section 125.4611 - Board; Powers.
Section 125.4612 - Authority as Instrument of Political Subdivision.
Section 125.4613 - Acquisition of Private Property; Transfer to Authority; Use.
Section 125.4614 - Financing Sources; Disposition.
Section 125.4615 - Special Assessment; Levy; Borrowing Money and Issuing Notes.
Section 125.4616 - Revenue Bonds.
Section 125.4617 - Acquisition or Construction of Property; Financing; Bonds or Notes.
Section 125.4618 - Tax Increment Financing Plan.
Section 125.4619 - Tax Increment Revenues; Transmission; Expenditures; Use.
Section 125.4621 - Development Plan; Preparation; Contents.
Section 125.4623 - Approval, Rejection, or Approval With Modification; Considerations.
Section 125.4624 - Notice to Vacate.
Section 125.4626 - Preservation of Historical Sites.
Section 125.4627 - Dissolution.
Section 125.4629 - Tax Increment Revenues; Definition; Condition.