Michigan Compiled Laws
Act 549 of 2008 - Michigan Promise Zone Authority Act (390.1661 - 390.1679)
Section 390.1661 - Short Title.

Sec. 1.
This act shall be known and may be cited as the "Michigan promise zone authority act".
History: 2008, Act 549, Imd. Eff. Jan. 13, 2009

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 390 - Universities and Colleges

Act 549 of 2008 - Michigan Promise Zone Authority Act (390.1661 - 390.1679)

Section 390.1661 - Short Title.

Section 390.1663 - Definitions.

Section 390.1664 - Promise Zone; Establishment by Governing Body; Resolution; Public Hearing; Application; Review by Department of Treasury; Determination of Eligibility; Certification; Approval of Resolution; Election by Local School District; Estab...

Section 390.1664a - Ineligible Entity; Revenue Capture From State Education Tax.

Section 390.1665 - Promise Zone Authority; Creation; Authority as Public Body Corporate; Powers; Board; Oath; Proceedings and Rules Subject to Open Meetings Act; Removal of Board Member; Writings Subject to the Freedom of Information Act.

Section 390.1667 - Promise Zone Development Plan; Provisions; Funding for Out-of-State Postsecondary Institution Prohibited; Submission of Plan or Amendments to Department of Treasury; Failure to Submit Plan Within Certain Time Frame; Review; Approva...

Section 390.1669 - Cause of Action Not Created.

Section 390.1671 - Director; Powers and Duties; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel; Deposit of Money; Administrative Costs; Limitation; Submission of Audited Financial Statements; Certification of Compliance.

Section 390.1673 - Board; Powers.

Section 390.1675 - Budget.

Section 390.1677 - Capture of State Education Tax; Determination of Base Year; Payments.

Section 390.1679 - Department of Treasury; Assumption of Operational Control; Dissolution; Resolution; Use of Remaining Property and Assets.