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2022 Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 75 of 1995 - Empowerment Zone Development Corporation Act (125.2561 - 125.2591)
AN ACT to provide for the authorization of municipalities of this state to create an empowerment zone development corporation; to facilitate the implementation of strategic plans relating to the designation and treatment of empowerment zones; to stimulate the creation of new jobs for the disadvantaged and long-term unemployed; to promote revitalization of economically distressed areas; to prescribe the powers and duties of empowerment zone development corporations; to provide for the creation of neighborhood review panels; and to provide for the condemnation and transfer of public and private property to carry out the purposes of this act.
History: 1995, Act 75, Imd. Eff. June 13, 1995
- Section 125.2561 - Short Title.
- Section 125.2563 - Legislative Findings.
- Section 125.2565 - Definitions.
- Section 125.2567 - Empowerment Zone Development Corporation; Application for Incorporation; Notice; Public Hearing; Process for Approving Articles of Incorporation and Bylaws.
- Section 125.2569 - Articles of Incorporation; Filing; Validity.
- Section 125.2571 - Incorporation of More Than 1 Corporation Prohibited.
- Section 125.2573 - Board of Directors; Determination of Size and Composition by Ordinance; Appointment; Removal; Qualifications, Selection, Vacancy, Number, and Demographic Diversity of Members; Executive Committee; Neighborhood Review Panel; Employment of Executive Director and Staff.
- Section 125.2575 - Board of Directors; Appointment; Terms; Expiration of Term; Compensation and Expenses.
- Section 125.2577 - Disclosure of Interest in Matter Before Corporation.
- Section 125.2579 - Board of Directors; Quorum.
- Section 125.2581 - Corporation; Powers and Duties.
- Section 125.2583 - Corporation; Dissolution.
- Section 125.2585 - Imposition of Sanctions; Basis; Approval.
- Section 125.2587 - Proceedings Under Powers of Eminent Domain; Taking and Transfer of Property; Terms and Conditions.
- Section 125.2589 - Construction of Act.
- Section 125.2591 - Authority of Act in Addition to Power of Municipality.
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