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2021 Michigan Compiled Laws
Chapter 390 - Universities and Colleges
Act 549 of 2008 - Michigan Promise Zone Authority Act (390.1661 - 390.1679)
AN ACT to authorize the creation of promise zones; to authorize the creation of promise zone 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 ;-- Am. 2016, Act 9, Imd. Eff. Feb. 16, 2016
- Section 390.1661 - Short Title.
- Section 390.1663 - Definitions.
- Section 390.1664 - Promise Zone; Establishment by Governing Body; Resolution; Public Hearing; Application; Review by Department of Treasury; Determination of Eligibility; Certification; Approval of Resolution; Election by Local School District; Establishment of Separate Promise Zone by Local School District; Dissolution.
- Section 390.1664a - Ineligible Entity; Revenue Capture From State Education Tax.
- Section 390.1665 - Promise Zone Authority; Creation; Authority as Public Body Corporate; Powers; Board; 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; Failure to Submit Plan Within Certain Time Frame; Review; Approval or Written Notice of Deficiencies; Amendment.
- Section 390.1669 - Cause of Action Not Created.
- Section 390.1671 - Director; Powers and Duties; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel; Deposit of Money; Administrative Costs; Limitation; Submission of Audited Financial Statements; Certification of Compliance.
- 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; Use of Remaining Property and Assets.
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