There is a newer version of the Michigan Compiled Laws
2014 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; creation of joint authority; board.
- 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.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.