Sec. 4.
(1) "State equalized valuation" means the valuation determined under Act No. 44 of the Public Acts of 1911, being sections 209.1 to 209.8 of the Michigan Compiled Laws.
(2) "Technology park district" or "district" means an area of a local governmental unit established as provided in section 5.
(3) "Technology park facilities exemption certificate" or "certificate" means a certificate issued pursuant to section 8.
(4) "Technology park facilities tax" means the specific tax levied under section 12.
History: 1984, Act 385, Imd. Eff. Dec. 28, 1984
Structure Michigan Compiled Laws
Act 385 of 1984 - Technology Park Development Act (207.701 - 207.718)
Section 207.701 - Short Title.
Section 207.702 - Meanings of Words and Phrases.
Section 207.703 - Definitions; D to P.
Section 207.704 - Definitions; S, T.
Section 207.707 - Approval or Disapproval of Application; Resolution.
Section 207.708 - Certificate; Issuance; Form; Contents; Effective Date; Filing; Record.
Section 207.711 - Annual Valuation of Facility; Duties of Assessor.
Section 207.714 - Revocation of Certificate; Grounds; Effect of Noncompliance.
Section 207.715 - Transfer of Certificate; Filing Application for Approval.
Section 207.716 - Status of Certificate; Report.
Section 207.717 - Analyses of Costs and Benefits.
Section 207.718 - Exemptions; Submission of Analyses of Costs and Benefits.