§ 125.2151 |
Legislative findings; short title |
§ 125.2152 |
Definitions |
§ 125.2153 |
Authority; establishment; powers |
§ 125.2154 |
Resolution of intent; notice of public hearing; hearing; resolution exempting taxes from capture; resolution establishing authority and designating boundaries; filing and publication; alteration or amendment of boundaries; validity of proceedings; establi |
§ 125.2155 |
Board; appointment, qualification, and terms of members; vancancy; reimbursement for expenses; chairperson; oath of office; rules; procedure; meetings; removal of member; publicizing expense items; financial records open to public |
§ 125.2156 |
Director, employment; compensation; term; oath of office; bond; chief executive officer; duties; acting director; appointment or employment, compensation, and duties of treasurer; appointment or employment, compensation, and duties of secretary; legal cou |
§ 125.2157 |
Powers of board generally |
§ 125.2158 |
Authority as instrumentality of political subdivision |
§ 125.2159 |
Taking, transfer, and use of private property |
§ 125.2160 |
Financing activities of authority |
§ 125.2161 |
Revenue bonds |
§ 125.2161a |
Insufficient tax increment revenues for repayment of advance or payment of obligation; appropriation; filing claim; information required in claim; distributions; determination of amounts; limitations; distribution subject to lien; indebtedness, liability, |
§ 125.2161b |
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 |
§ 125.2162 |
Tax increment financing plan generally |
§ 125.2162a |
Designation as certified technology park; application to Michigan economic development corporation; agreement; determination of sale price or rental value for public facilities; inclusion of legal and equitable remedies and rights; marketing services; add |
§ 125.2162b |
Creation of authority in which certified technology park designated; agreement with another authority; designation of distinct geographic area; consideration of advantages and benefits |
§ 125.2163 |
Tax increment revenues transmitted to authority; expenditure of tax increment revenues; retention or reversion of excess revenue; prohibition; abolition of tax increment financing plan; annual financial report |
§ 125.2164 |
Tax increment bonds; qualified refunding obligation |
§ 125.2165 |
Development plan generally |
§ 125.2166 |
Adoption of resolution approving development plan or tax increment financing plan; public hearing; notice; record |
§ 125.2167 |
Development plan or tax increment financing plan as constituting public purpose; approval or rejection; considerations; amendments; procedure, notice, findings, and amendment as conclusive; contest |
§ 125.2168 |
Relocation of person; notice to vacate |
§ 125.2169 |
Preparation and submission of budget; manner; approval; cost of handling and auditing funds |
§ 125.2170 |
Dissolution of authority; resolution; disposition of property and assets |
§ 125.2171 |
Proceedings to enforce act |
§ 125.2172 |
Effective date |
§ 125.2173 |
Conditional effective date |
§ 125.2174 |
Constitutionality of act |