2010 Michigan Compiled Laws
Chapter 390 - UNIVERSITIES AND COLLEGES
Act 549 of 2008 - MICHIGAN PROMISE ZONE AUTHORITY ACT (390.1661 - 390.1679)

MICHIGAN PROMISE ZONE AUTHORITY ACT
Act 549 of 2008
AN ACT to authorize the creation of promise authorities and the implementation of promise zone development plans; to prescribe the powers and duties of promise zone authorities; to provide for the capture and disbursement of certain tax revenue; and to prescribe powers and duties of certain state and local officials.

History: 2008, Act 549, Imd. Eff. Jan. 13, 2009

• Section 390.1661 - Short title.
• Section 390.1663 - Definitions.
• Section 390.1665 - Promise zone authority; creation; authority as body politic; powers; board; membership; appointment; terms; reimbursement for expenses; election of chairperson; "chief executive officer" defined; oath; proceedings and rules subject to open meetings act; removal of board member; writings subject to the freedom of information act.
• Section 390.1667 - Promise zone development plan; provisions; funding for out-of-state postsecondary institution prohibited; submission of plan or amendments to department of treasury; approval or written notice of deficiencies.
• Section 390.1669 - Cause of action not created.
• Section 390.1671 - Director; treasurer; employment; compensation; bond; powers and duties; acting director; secretary; legal counsel; other personnel; deposit of money; administrative costs; limitation.
• Section 390.1673 - Board; powers.
• Section 390.1675 - Budget.
• Section 390.1677 - Capture of state education tax; determination of base year; payments.
• Section 390.1679 - Department of treasury; assumption of operational control; dissolution; resolution.