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2022 Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)
57-2018-6 - Part 6 Corridor Improvement Authorities (125.4602...125.4629)
- Section 125.4602 - Definitions; a to M.
- Section 125.4603 - Definitions.
- Section 125.4604 - Multiple Authorities; Establishment; Public Body Corporate; Powers.
- Section 125.4605 - Development Area; Establishment in Municipality; Exception; Criteria; Compliance.
- Section 125.4606 - Creation of Authority; Resolution by Governing Body; Notice of Public Hearing; Adoption of Resolution Designating Boundaries; Alteration or Amendment; Interlocal Agreement.
- Section 125.4607 - Annexation or Consolidation; Effect.
- Section 125.4608 - 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 125.4609 - Director, Treasurer, Secretary, Legal Counsel, Other Personnel; Compensation; Duties.
- Section 125.4610 - Retirement and Insurance Programs.
- Section 125.4611 - Board; Powers.
- Section 125.4612 - Authority as Instrument of Political Subdivision.
- Section 125.4613 - Acquisition of Private Property; Transfer to Authority; Use.
- Section 125.4614 - Financing Sources; Disposition.
- Section 125.4615 - Special Assessment; Levy; Borrowing Money and Issuing Notes.
- Section 125.4616 - Revenue Bonds.
- Section 125.4617 - Acquisition or Construction of Property; Financing; Bonds or Notes.
- Section 125.4618 - Tax Increment Financing Plan.
- Section 125.4619 - Tax Increment Revenues; Transmission; Expenditures; Use.
- Section 125.4620 - 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 125.4621 - Development Plan; Preparation; Contents.
- Section 125.4622 - Development Plan; Public Hearing; Notice; Contents; Opportunity to Speak; Hearing Record.
- Section 125.4623 - Approval, Rejection, or Approval With Modification; Considerations.
- Section 125.4624 - Notice to Vacate.
- Section 125.4625 - Budget; Submission to Board; Preparation; Approval; Adoption; Cost of Handling and Auditing Funds.
- Section 125.4626 - Preservation of Historical Sites.
- Section 125.4627 - Dissolution.
- Section 125.4629 - Tax Increment Revenues; Definition; Condition.
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