2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 275 of 2010 — NEXT MICHIGAN DEVELOPMENT ACT (125.2951 - 125.2959)
Section 125.2958 — Dissolution or termination; validity of incentives previously granted.
NEXT MICHIGAN DEVELOPMENT ACT (EXCERPT)
Act 275 of 2010
125.2958 Dissolution or termination; validity of incentives previously granted.
Sec. 8.
In the event that a next Michigan development corporation dissolves or is terminated, all incentives previously granted by the next Michigan development corporation shall be unaffected by the dissolution and shall remain valid and in full force and effect in accordance with their respective terms. Incentives previously granted by the next Michigan development corporation shall be administered by the city, village, township, or charter township in which the eligible business to which the incentives were granted is located unless otherwise provided in the interlocal agreement.
History: 2010, Act 275, Imd. Eff. Dec. 15, 2010
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