There Is a Newer Version of the Michigan Compiled Laws
2011 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 280 of 2005 — CORRIDOR IMPROVEMENT AUTHORITY ACT (125.2871 - 125.2899)
- Section 125.2871 — Short title.
- Section 125.2872 — Definitions; A to M.
- Section 125.2873 — Definitions.
- Section 125.2874 — Authority; establishment; public body corporate; powers.
- Section 125.2875 — Development area; establishment in municipality; exception; criteria; compliance.
- Section 125.2876 — Creation of authority; resolution by governing body; notice of public hearing; adoption of resolution designating boundaries; alteration or amendment; interlocal agreement.
- Section 125.2877 — Annexation or consolidation; effect.
- Section 125.2878 — Authority under supervision and control of board; membership; appointment; terms; vacancy; expenses; chairperson; oath; proceedings and rules subject to open meetings act; removal of board member; financial records; writings subject to freedom of information act; members as members of business improvement district.
- Section 125.2879 — Director, treasurer, secretary, legal counsel, other personnel; compensation; duties.
- Section 125.2880 — Retirement and insurance programs.
- Section 125.2881 — Board; powers.
- Section 125.2882 — Authority as instrument of political subdivision.
- Section 125.2883 — Acquisition of private property; transfer to authority; use.
- Section 125.2884 — Financing sources; disposition.
- Section 125.2885 — Special assessment; levy; borrowing money and issuing bonds.
- Section 125.2886 — Revenue bonds.
- Section 125.2887 — Acquisition or construction of property; financing; bonds or notes.
- Section 125.2888 — Tax increment financing plan.
- Section 125.2889 — Tax increment revenues; transmission; expenditures; use; annual report.
- Section 125.2890 — Financing development program of tax increment financing plan; authorization, issuance, and sale of general obligation bonds; estimate of anticipated tax increment revenues; resolution; security; lien.
- Section 125.2891 — Development plan; preparation; contents.
- Section 125.2892 — Development plan; public hearing; notice; contents; opportunity to speak; hearing record.
- Section 125.2893 — Approval, rejection, or approval with modification; considerations.
- Section 125.2894 — Notice to vacate.
- Section 125.2895 — Budget; submission to board; preparation; approval; adoption; cost of handling and auditing funds.
- Section 125.2896 — Preservation of historical sites.
- Section 125.2897 — Dissolution.
- Section 125.2898 — Enforcement of act; rules.
- Section 125.2899 — Tax increment revenues; definition; condition.
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