There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 125 - PLANNING, HOUSING, AND ZONING
Act 450 of 1980 - THE TAX INCREMENT FINANCE AUTHORITY ACT (125.1801 - 125.1830)
Section 125.1827 - Dissolution of authority; resolution; disposition of property and assets.
THE TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)Act 450 of 1980
125.1827 Dissolution of authority; resolution; disposition of property and assets.
Sec. 27.
An authority which has completed the purposes for which it was organized shall be dissolved by resolution of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the municipality.
History: 1980, Act 450, Imd. Eff. Jan. 15, 1981
Popular Name: TIFA
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