There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 530 of 2004 — HISTORICAL NEIGHBORHOOD TAX INCREMENT FINANCE AUTHORITY ACT (125.2841 - 125.2866)
- Section 125.2841 — Short title.
- Section 125.2842 — Definitions.
- Section 125.2843 — Additional definitions.
- Section 125.2844 — Authority; establishment of multiple authority; powers of authority as body corporate.
- Section 125.2845 — Intent to create and provide for operation of authority; resolution; notice of public hearing; adoption of ordinance; alteration or amendment of boundaries.
- Section 125.2846 — Annexed or consolidated authority; effect on obligations, agreements, and bonds.
- Section 125.2847 — Board; supervision and control; membership; appointment; vacancy; compensation; oath; meetings; removal of member; expense items, financial records, and writings open to public.
- Section 125.2848 — Director; compensation; eligibility; service; oath; bond; duties; employment of treasurer, secretary, legal counsel, and other personnel.
- Section 125.2849 — Employees; participation in retirement and insurance programs.
- Section 125.2850 — Board; authority and powers.
- Section 125.2851 — Authority as instrumentality of political subdivision.
- Section 125.2852 — Acquisition of private property; transfer.
- Section 125.2853 — Funding sources; disposition of money received.
- Section 125.2854 — Borrowing money and issuing bonds.
- Section 125.2855 — Revenue bonds; issuance.
- Section 125.2856 — Bonds and notes; pledge; lien; enforcement; exemption from taxation; liability; investment.
- Section 125.2857 — Tax increment financing plan.
- Section 125.2858 — Tax increment revenues; transmission from municipal and county treasurers to authority; expenditures; report.
- Section 125.2859 — General obligation bonds; tax increment revenue bonds; issuance; limitations; additional security; resolution; lien.
- Section 125.2860 — Development plan; contents.
- Section 125.2861 — Development plan; public hearing; notice; record.
- Section 125.2862 — Approval or rejection of plan based on public purpose; considerations.
- Section 125.2863 — Notice to vacate; issuance; hearing.
- Section 125.2864 — Budget.
- Section 125.2865 — Dissolution.
- Section 125.2866 — Enforcement of act; rules.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.