There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 94 of 2008 — WATER RESOURCE IMPROVEMENT TAX INCREMENT FINANCE AUTHORITY ACT (125.1771 - 125.1794)
- Section 125.1771 — Short title.
- Section 125.1772 — Definitions; A to M.
- Section 125.1773 — Definitions; O to W.
- Section 125.1774 — Establishment of multiple authorities; powers.
- Section 125.1775 — Intent to create and provide for operation of authority within water resource improvement district; resolution of intent; notice of public hearing; adoption of ordinance; filing; publication; alteration or amendment of boundaries; agreement with adjoining municipality.
- Section 125.1776 — Annexation or consolidation.
- Section 125.1777 — Board; membership; qualifications; terms; appointment to fill vacancy; compensation; oath of office; proceedings and rules subject to open meetings act; meetings; removal of board member; publication of expense items; availability of financial records; writings subject to freedom of information act.
- Section 125.1778 — Director; compensation; service; oath; bond; duties; acting director; treasurer; secretary; legal counsel; duties; other personnel.
- Section 125.1779 — Participation of employees in municipal retirement and insurance programs; employees not civil service employees.
- Section 125.1780 — Board; powers; duties; preparation of water resource management plan; consultation with certain entities.
- Section 125.1781 — Authority as instrumentality of political subdivision.
- Section 125.1782 — Financing sources; disposition of money received.
- Section 125.1783 — Borrowing money and issuing bonds.
- Section 125.1784 — Borrowing money and issuing bonds or notes; security; pledge; lien; exemption of bonds or notes from taxation; municipality not liable on bonds and notes of authority; statement; investment; deposit.
- Section 125.1785 — Tax increment financing plan; preparation and submission; development plan; statement of estimated impact; approval; notice, hearing, and disclosure provisions; modification; exempting taxes from capture; resolution.
- Section 125.1786 — Transmission of tax increment revenues to authority; expenditures; terms; reversion of unused funds; abolishment of plan; conditions; status report on tax increment financing account.
- Section 125.1787 — Authorization, issuance, and sale of tax increment bonds.
- Section 125.1788 — Development plan; contents.
- Section 125.1789 — Development plan or tax increment financing plan; adoption of ordinance; notice of public hearing; purpose of public hearing.
- Section 125.1790 — Determination of public purpose; approval or rejection of plan; modifications; considerations.
- Section 125.1791 — Operation of authority; budget; review by board; submission to governing body; adoption; cost of handling and auditing funds.
- Section 125.1792 — Dissolution of authority.
- Section 125.1793 — Enforcement of act; rules.
- Section 125.1794 — Prohibition.
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.
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