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Michigan Laws > Chapter 125 > Act 450 of 1980 - The Tax Increment Finance Authority Act

^{Current as of: 2009}

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§ 125.1801	Definitions
§ 125.1801a	Short title
§ 125.1802	Authority; establishment; public body corporate; powers generally
§ 125.1803	Resolution of intent; determinations; notice of public hearing; adoption, filing, and publication of resolution establishing authority and designating boundaries of authority district; alteration or amendment of boundaries; validity of proceedings establi
§ 125.1804	Board; composition; chairperson; oath of member; rules governing procedure and meetings; meetings open to public; removal of member; publicizing expense items; financial records open to public
§ 125.1805	Board; employment, compensation, term, oath, and bond of director; chief executive office; duties of director; absence or disability of director; reports; employment, compensation, and duties of treasurer and secretary; retention and duties of legal couns
§ 125.1807	Board; powers generally
§ 125.1808	Board serving as planning commission; agenda
§ 125.1809	Authority as instrumentality of political subdivision
§ 125.1810	Taking, transfer, and use of private property by municipality
§ 125.1811	Financing activities of authority; sources
§ 125.1812	Borrowing money; issuing negotiable revenue bonds; full faith and credit
§ 125.1812a	Insufficient tax increment revenues for repayment of advance or payment of obligation; appropriation and distribution to authority; filing, time, and contents of claim; distribution of amounts in 2 equal payments; appropriation and distribution of aggrega
§ 125.1812b	Retention and payment of taxes levied under state education tax act; conditions; application by authority for approval; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution
§ 125.1813	Preparation and submission of tax increment financing plan; contents and approval of plan; public hearing; taxing jurisdictions
§ 125.1814	Transmitting and expending tax increment revenues; disposition of surplus funds; abolition of tax increment financing plan; financial report
§ 125.1815	Tax increment bonds; qualified refunding obligation
§ 125.1816	Development plan; preparation; contents
§ 125.1817	Public hearing on development plan; publication, mailing, and contents of notice; presentation of data; record
§ 125.1818	Development plan or tax increment plan as public purpose; determination; approval or rejection of plan; notice and public hearing; conclusiveness of procedure, adequacy of notice, and certain findings; validation and conclusiveness of plan; contesting pla
§ 125.1819	Notice to vacate
§ 125.1820	Development area citizens council; establishment; advisory body; appointment and qualifications of members
§ 125.1821	Consultation representative of authority and council
§ 125.1822	Meetings of council; open to public; notice; hearing persons present at meeting; record; information and technical assistance; failures not precluding adoption of development plan
§ 125.1823	Development plan; notice of findings and recommendations
§ 125.1824	Development area citizens council; dissolution
§ 125.1825	Budget; cost of handling and auditing funds
§ 125.1826	Preservation of public facility, building, or structure having significant historical interest; review of proposed changes to exterior of historic site
§ 125.1827	Dissolution of authority; resolution; disposition of property and assets
§ 125.1828	Authority district part of area annexed to or consolidated with another municipality; authority of annexing or consolidated municipality; status of obligations, agreements, and bonds
§ 125.1829	New authority or authority district and boundaries of authority district; prohibitions; validity of tax increment finance authority, authority district, development area, development plan, or tax increment financing plan established before December 30, 19
§ 125.1830	Proceedings to compel enforcement of act; rules

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Michigan Laws: Tax Increment Financing (TIF)

Michigan Laws > Chapter 125 > Act 450 of 1980 - The Tax Increment Finance Authority Act

Michigan Laws > Chapter 125 > Act 530 of 2004 - Historical Neighborhood Tax Increment Finance Authority Act

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