Michigan Compiled Laws
Act 549 of 2008 - Michigan Promise Zone Authority Act (390.1661 - 390.1679)
Section 390.1673 - Board; Powers.

Sec. 13.
The board may do any of the following:
(a) Prepare an analysis of the postsecondary educational opportunities for the residents of the promise zone.
(b) Study and analyze the need for financial resources to provide postsecondary educational opportunities for residents of the promise zone.
(c) Acquire by purchase or otherwise, on terms and conditions and in a manner the authority considers proper, or own, convey, or otherwise dispose of, or lease as lessor or lessee, land and other property, real or personal, or rights or interests in the property, that the authority determines is reasonably necessary to achieve the purposes of this act, and grant or acquire licenses, easements, and options.
(d) Fix, charge, and collect fees, rents, and charges for the use of any facility, building, or property under its control or any part of the facility, building, or property.
(e) Lease, in whole or in part, any facility, building, or property under its control.
(f) Solicit and accept grants and donations of money, property, labor, or other things of value from a public or private source.
History: 2008, Act 549, Imd. Eff. Jan. 13, 2009

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.