There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 381 of 1996
| AN ACT to authorize municipalities to create a brownfield redevelopment authority to facilitate the implementation of brownfield plans; to create brownfield redevelopment zones; to promote the revitalization, redevelopment, and reuse of certain property, including, but not limited to, tax reverted, blighted, or functionally obsolete property; to prescribe the powers and duties of brownfield redevelopment authorities; to permit the issuance of bonds and other evidences of indebtedness by an authority; to authorize the acquisition and disposal of certain property; to authorize certain funds; to prescribe certain powers and duties of certain state officers and agencies; and to authorize and permit the use of certain tax increment financing.
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| Document | Description |
| Section 125.2651 | Short title. |
| Section 125.2652 | Definitions. |
| Section 125.2653 | Brownfield redevelopment authority; establishment; exercise of powers; alteration or amendment of boundaries; authority as public body corporate; written agreement with county. |
| Section 125.2654 | Resolution by governing body; adoption; notice; public hearing; proceedings establishing authority; presumption of validity; exercise as essential governmental function; implementation or modification of plan. |
| Section 125.2655 | Designation of board by governing body; membership; trustees; applicability of subsection (2); election of chairperson, vice-chairperson, and other officers; oath; procedural rules; meetings; special meetings; removal of member; records open to public; quorum. |
| Section 125.2656 | Appointment or employment of director, treasurer, secretary, personnel, and consultants; assistance provided by municipality; retirement and insurance programs. |
| Section 125.2657 | Powers of authority; determining captured taxable value; transfer of municipality funds to authority. |
| Section 125.2658 | Local site remediation revolving fund. |
| Section 125.2659 | Authority as instrumentality of political subdivision. |
| Section 125.2660 | Taking, transfer, and use of private property. |
| Section 125.2661 | Financing sources of authority activities. |
| Section 125.2662 | Bonds and notes of authority. |
| Section 125.2663 | Brownfield plan; provisions. |
| Section 125.2664 | Brownfield plan as public purpose; determination; amendments to plan; validity of procedure, notice, and findings; presumption. |
| Section 125.2665 | Prohibited conduct; work plan or remedial action plan; documents to be submitted for approval; factors to be considered in plan review; written request pertaining to baseline environmental assessment activities or due care activities; additional response activities; reimbursement of costs to review work plan or remedial action plan; report; distribution of remaining funds; use of school operating taxes. |
| Section 125.2666 | Tax increment revenues; transmission to authority; expenditure; reversion of surplus funds; abolishment of plan; financial status report; collection of financial reports by department and state tax commission. |
| Section 125.2667 | Authorization, issuance, and sale of tax increment bonds and notes. |
| Section 125.2668 | Operating budget. |
| Section 125.2669 | Dissolution of authority; distribution of tax revenues and interest. |
| Section 125.2670 | Enforcement proceedings. |
| Section 125.2671 | Taxes levied before December 31, 1996. |
| Section 125.2672 | Conditional effective date. |
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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