Michigan Laws 125.2116 – Effect of transferring employment from 1 or more local governmental units
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 125.2116
- Authority: means the Michigan enterprise zone authority created pursuant to section 4. See Michigan Laws 125.2103
- Facility: means real or personal industrial or commercial property located in an enterprise zone, excluding property used to provide rental housing. See Michigan Laws 125.2103
- Local governmental unit: means a city, village, or township. See Michigan Laws 125.2103
- Qualified business: means either of the following, as applicable:
(i) A qualified new business or a qualified existing business located in an enterprise zone created before 1994. See Michigan Laws 125.2103Qualified new business: means a business located within an enterprise zone that is not located in the area comprising the enterprise zone on the date on which the authority approves the enterprise zone, and that is certified by the authority as meeting the requirements of this act. See Michigan Laws 125.2103 zone: means an area approved as an enterprise zone by the authority as provided in this act. See Michigan Laws 125.2103
If the location of a new facility or qualified new business in an enterprise zone will have the effect of transferring employment from 1 or more other local governmental units, a business may be certified as a qualified business if the governing body of each local governmental unit from which employment will be transferred consents by resolution to the certification. The governing body of each local governmental unit from which employment is to be transferred or, if a business is moving within a local governmental unit to an enterprise zone, the governing body of that local governmental unit, shall by resolution either approve or deny the transfer. If denied, the reasons for denial shall be included in the resolution. A copy of the resolution shall be filed with the authority within 20 days after adoption.