Sec. 16.
Each local governmental unit granting a certificate shall report to the department not later than October 15 of each year regarding the status of each certificate, including the current value of the property to which the certificate pertains, the value on which the technology park facilities tax is based, and a current estimate of the number of jobs retained or created within the local governmental unit by the holder of the certificate and the users or occupants of the facilities.
History: 1984, Act 385, Imd. Eff. Dec. 28, 1984 ;-- Am. 1990, Act 151, Imd. Eff. June 27, 1990
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.