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2022 Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)
AN ACT to authorize municipalities to create a brownfield redevelopment authority to facilitate the implementation of brownfield plans; to create brownfield redevelopment zones; to promote the revitalization, redevelopment, and reuse of certain property, including, but not limited to, tax reverted, blighted, or functionally obsolete property; to prescribe the powers and duties of brownfield redevelopment authorities; to permit the issuance of bonds and other evidences of indebtedness by an authority; to authorize the acquisition and disposal of certain property; to authorize certain funds; to prescribe certain powers and duties of certain state officers and agencies; and to authorize and permit the use of certain tax increment financing.
History: 1996, Act 381, Eff. Sept. 16, 1996 ;-- Am. 2003, Act 259, Imd. Eff. Jan. 5, 2004
- Section 125.2651 - Short Title.
- Section 125.2652 - Definitions.
- Section 125.2653 - Brownfield Redevelopment Authority; Establishment; Exercise of Powers; Alteration or Amendment of Boundaries; Authority as Public Body Corporate; Written Agreement With County.
- Section 125.2654 - Resolution by Governing Body; Adoption; Notice; Public Hearing; Proceedings Establishing Authority; Presumption of Validity; Exercise of Powers as Essential Governmental Function.
- Section 125.2655 - Designation of Board by Governing Body; Membership; Trustees; Applicability of Subsection (2); Election of Chairperson, Vice-Chairperson, and Other Officers; Oath; Procedural Rules; Meetings; Special Meetings; Removal of Member; Records Open to Public; Quorum.
- Section 125.2656 - Appointment or Employment of Director, Treasurer, Secretary, Personnel, and Consultants; Assistance Provided by Municipality; Retirement and Insurance Programs.
- Section 125.2657 - Powers of Authority; Determining Captured Taxable Value; Transfer of Municipality Funds to Authority.
- Section 125.2658 - Local Brownfield Revolving Fund.
- Section 125.2658a - State Brownfield Redevelopment Fund.
- Section 125.2659 - Authority as Instrumentality of Political Subdivision.
- Section 125.2660 - Taking, Transfer, and Use of Private Property.
- Section 125.2661 - Financing Sources of Authority Activities.
- Section 125.2662 - Bonds and Notes of Authority.
- Section 125.2663 - Brownfield Plan; Provisions.
- Section 125.2663a - Cost Recovery Action.
- Section 125.2663b - Use of Taxes Captured From Eligible Property.
- Section 125.2663c - Transformational Brownfield Plan.
- Section 125.2664 - Brownfield Plan; Approval; Public Hearing; Record; Notice; Public Purpose; Determination; Amendments to Plan; Validity of Procedure, Notice, and Findings; Presumption; Abolishment or Termination of Plan.
- Section 125.2664a - Transformational Brownfield Plan; Approval and Review by Governing Body and Michigan Strategic Fund.
- Section 125.2665 - Work Plan; Documents to Be Submitted for Approval; Conditions for Approval; Written Response; Time Limitations; Department Specific Activities; Review by Department; Approval or Denial of Work Plan as Final Decision; Appeal; Approval by Michigan Strategic Fund; Duties; Criteria; Failure to Provide Written Response; Final Approval; Report; Distribution of Remaining Funds; Extension of Review Period; Approval of Combined Brownfield Plan.
- Section 125.2665a - Retention and Payment of Taxes Levied Under State Education Tax Act; Conditions; Use; Application for Approval by Authority; Information to Be Included; Approval, Modification, or Denial of Application by Department of Treasury; Appropriation and Distribution of Amount; Aggregate Amount; Lien; Obligations; Copy of Application; Calculations; Legislative Intent; Definitions.
- Section 125.2665b - Reimbursement to Intermediate School Districts.
- Section 125.2666 - Tax Increment Revenues; Transmission to Authority; Expenditure; Reversion of Surplus Funds; Financial Status Report; Collection and Compilation of Financial Reports by Department and Michigan Strategic Fund; Reporting Obligations; Performance Postaudit Report by Auditor General; Report by Owner or Developer for Active Project Within Brownfield Plan; Requirements Applicable to Transformational Brownfield Plan.
- Section 125.2667 - Authorization, Issuance, and Sale of Tax Increment Bonds and Notes.
- Section 125.2668 - Operating Budget.
- Section 125.2669 - Dissolution of Authority; Distribution of Tax Revenues and Interest.
- Section 125.2670 - Enforcement Proceedings.
- Section 125.2671 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.
- Section 125.2672 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.
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