Sec. 11.
The assessor of a local governmental unit in which is located a facility for which 1 or more certificates are in force shall annually determine the value, as of December 31, of each facility separately, of both real and personal property. Upon receipt of notice of the filing of an application for an issuance of a certificate, the assessor of a local governmental unit shall determine and furnish to the local legislative body the value of the property to which the application pertains and other information as may be necessary to permit the local legislative body to make the determination required by section 10(1).
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.