There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 61 of 2007 — NEIGHBORHOOD IMPROVEMENT AUTHORITY ACT (125.2911 - 125.2932)
- Section 125.2911 — Short title.
- Section 125.2912 — Definitions; A to M.
- Section 125.2913 — Definitions; O to T.
- Section 125.2914 — Multiple authorities; establishment; authority as public body corporate.
- Section 125.2915 — Operation of authority; resolution of intent; public hearing; notice; adoption of ordinance establishing authority; filing; alteration or amendment of boundaries; exclusions; duration.
- Section 125.2916 — Annexation or consolidation with another municipality.
- Section 125.2917 — Board; chief officer; membership; appointment terms; vacancy; oath; open meetings; removal of member; financial records; writings subject to freedom of information act.
- Section 125.2918 — Director; compensation; service; eligibility; oath; posting of bond; director as chief executive officer; duties of director; acting director; treasurer; secretary; retention of legal counsel; other personnel.
- Section 125.2919 — Municipal retirement and insurance programs; participation.
- Section 125.2920 — Authority of board.
- Section 125.2921 — Financing sources; disposition of money received.
- Section 125.2922 — Borrowing money and issuing negotiable revenue bonds.
- Section 125.2923 — Acquisition or construction of property; borrowing money and issuing revenue bonds; other financing; securing bonds and notes; pledge; exemption from taxation; exceptions; liability; investments.
- Section 125.2924 — Tax increment financing plan; preparation and submission; contents; hearing and approval procedure; agreement with taxing jurisdiction; modification; exemption from tax; separate millage for public library purposes; resolution.
- Section 125.2925 — Tax increment revenues; transmission to authority; expenditures; report on status of tax increment financing account.
- Section 125.2926 — Authorization, issuance, and sale of tax increment bonds; limitations; pledge; resolution to create lien on revenues; limited tax pledge.
- Section 125.2927 — Development plan; contents.
- Section 125.2928 — Development plan; public hearing; notice; opportunity to speak and provide written comment.
- Section 125.2929 — Development plan or tax increment financing plan as public purpose; consideration for approval, rejection, or modification.
- Section 125.2930 — Budget; submission; approval; cost of handling and auditing funds.
- Section 125.2931 — Dissolution of authority; property and assets.
- Section 125.2932 — Enforcement; 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.