There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 250 of 2010 — PRIVATE INVESTMENT INFRASTRUCTURE FUNDING ACT (125.1871 - 125.1883)
- Section 125.1871 — Short title.
- Section 125.1872 — Definitions; A to N.
- Section 125.1873 — Definitions; P to T.
- Section 125.1874 — Developing and financing public facilities; multiple negotiating partnerships.
- Section 125.1875 — Promotion of economic development and public infrastructure; intent of municipality to enter negotiating partnerships; adoption of resolution; filing copy; publication; agreement with adjoining municipality.
- Section 125.1876 — Meeting and proceedings subject to open meetings act; writings subject to freedom of information act.
- Section 125.1877 — Negotiating partnership; provisions; conformity with laws relating to use of state and federal funds.
- Section 125.1878 — Public facility; financing sources; deposit of certain money received by administering agency.
- Section 125.1879 — Negotiation with private sector investors; bid process; inclusion of certain costs; pledge of tax increment revenues; written agreement; contents.
- Section 125.1880 — Tax increment financing plan.
- Section 125.1881 — Tax increment revenues; transmission to lead fiduciary agency; expenditures; reversion of unused funds; limitation on use of funds; abolishment of plan; status report; contents.
- Section 125.1882 — Dissolution of negotiating partnership.
- Section 125.1883 — Proceedings to compel enforcement of act; rules.
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