Michigan Compiled Laws
57-2018-7 - Part 7 Water Resource Improvement Authorities (125.4702...125.4722)
Section 125.4707 - Board; Membership; Qualifications; Terms; Appointment to Fill Vacancy; Compensation; Oath of Office; Proceedings and Rules Subject to Open Meetings Act; Meetings; Removal of Board Member; Publication of Expense Items; Availability...

Sec. 707.
(1) An authority shall be under the supervision and control of a board consisting of the chief executive officer of the municipality or his or her designee and not less than 5 or more than 9 members as determined by the governing body of the municipality. Members shall be appointed by the chief executive officer of the municipality, subject to approval by the governing body of the municipality. Not less than a majority of the members shall be persons having an ownership or business interest in property located in the development area. At least 1 of the members shall be a resident of the development area or of an area within 1/2 mile of any part of the development area. Of the members first appointed, an equal number of the members, as near as is practicable, shall be appointed for 1 year, 2 years, 3 years, and 4 years. A member shall hold office until the member's successor is appointed. After the initial appointment, each member shall serve for a term of 4 years. An appointment to fill a vacancy shall be made by the chief executive officer of the municipality for the unexpired term only. Members of the board shall serve without compensation, but shall be reimbursed for actual and necessary expenses. The chairperson of the board shall be elected by the board.
(2) Before assuming the duties of office, a member shall qualify by taking and subscribing to the constitutional oath of office.
(3) The proceedings and rules of the board are subject to the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. The board shall adopt rules governing its procedure and the holding of regular meetings, subject to the approval of the governing body. Special meetings may be held if called in the manner provided in the rules of the board.
(4) After having been given notice and an opportunity to be heard, a member of the board may be removed for cause by the governing body.
(5) All expense items of the authority shall be publicized monthly and the financial records shall always be open to the public.
(6) A writing prepared, owned, used, in the possession of, or retained by the board in the performance of an official function is subject to the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246.
History: 2018, Act 57, Eff. Jan. 1, 2019

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 125 - Planning, Housing, and Zoning

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

57-2018-7 - Part 7 Water Resource Improvement Authorities (125.4702...125.4722)

Section 125.4702 - Definitions; a to M.

Section 125.4703 - Definitions; O to W.

Section 125.4704 - Establishment of Multiple Authorities; Powers.

Section 125.4705 - Intent to Create and Provide for Operation of Authority Within Water Resource Improvement District; Resolution of Intent; Notice of Public Hearing; Adoption of Ordinance; Filing; Publication; Alteration or Amendment of Boundaries;...

Section 125.4706 - Annexation or Consolidation.

Section 125.4707 - Board; Membership; Qualifications; Terms; Appointment to Fill Vacancy; Compensation; Oath of Office; Proceedings and Rules Subject to Open Meetings Act; Meetings; Removal of Board Member; Publication of Expense Items; Availability...

Section 125.4708 - Director; Compensation; Service; Oath; Bond; Duties; Acting Director; Treasurer; Secretary; Legal Counsel; Duties; Other Personnel.

Section 125.4709 - Participation of Employees in Municipal Retirement and Insurance Programs; Employees Not Civil Service Employees.

Section 125.4710 - Board; Powers; Duties; Preparation of Water Resource Management Plan; Consultation With Certain Entities; Application for State and Federal Permits.

Section 125.4711 - Authority as Instrumentality of Political Subdivision.

Section 125.4712 - Financing Sources; Disposition of Money Received.

Section 125.4713 - Borrowing Money and Issuing Bonds.

Section 125.4714 - Borrowing Money and Issuing Bonds or Notes; Security; Pledge; Lien; Exemption of Bonds or Notes From Taxation; Municipality Not Liable on Bonds and Notes of Authority; Statement; Investment; Deposit.

Section 125.4715 - Tax Increment Financing Plan; Preparation and Submission; Development Plan; Statement of Estimated Impact; Approval; Notice, Hearing, and Disclosure Provisions; Modification; Exempting Taxes From Capture; Resolution; Action of Libr...

Section 125.4716 - Transmission of Tax Increment Revenues to Authority; Expenditures; Terms; Reversion of Unused Funds; Abolishment of Plan; Conditions.

Section 125.4717 - Authorization, Issuance, and Sale of Tax Increment Bonds.

Section 125.4718 - Development Plan; Contents.

Section 125.4719 - Development Plan or Tax Increment Financing Plan; Adoption of Ordinance; Notice of Public Hearing; Purpose of Public Hearing.

Section 125.4720 - Determination of Public Purpose; Approval or Rejection of Plan; Modification; Considerations.

Section 125.4721 - Operation of Authority; Budget; Review by Board; Submission to Governing Body; Adoption; Cost of Handling and Auditing Funds.

Section 125.4722 - Dissolution of Authority.