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Act 57 of 2018

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RECODIFIED TAX INCREMENT FINANCING ACT
Act 57 of 2018
AN ACT to provide for the recodification and establishment of certain tax increment finance authorities; to prescribe the powers and duties of the authorities; to correct and prevent deterioration in residential, commercial, and industrial areas and certain other areas; to authorize the acquisition and disposal of interests in real and personal property; to authorize the creation and implementation of development plans and development areas; to promote residential and economic growth; to create certain boards; to prescribe the powers and duties of certain boards; to authorize the issuance of bonds and other evidences of indebtedness; to levy certain taxes; to authorize the use of tax increment financing; to prescribe powers and duties of certain state officials; to provide for rule promulgation; to provide for enforcement of this act; and to repeal acts and parts of acts.

History: 2018, Act 57, Eff. Jan. 1, 2019

The People of the State of Michigan enact:

Document	Type	Description
57-2018-1	Division	PART 1 GENERAL PROVISIONS (125.4101...125.4104)
57-2018-2	Division	PART 2 DOWNTOWN DEVELOPMENT AUTHORITIES (125.4201...125.4230)
57-2018-3	Division	PART 3 TAX INCREMENT FINANCE AUTHORITIES (125.4301...125.4329)
57-2018-4	Division	PART 4 LOCAL DEVELOPMENT FINANCE AUTHORITIES (125.4401...125.4420)
57-2018-5	Division	PART 5 NONPROFIT STREET RAILWAYS (125.4503...125.4527)
57-2018-6	Division	PART 6 CORRIDOR IMPROVEMENT AUTHORITIES (125.4602...125.4629)
57-2018-7	Division	PART 7 WATER RESOURCE IMPROVEMENT AUTHORITIES (125.4702...125.4722)
57-2018-8	Division	PART 8 NEIGHBORHOOD IMPROVEMENT AUTHORITIES (125.4802...125.4821)
57-2018-9	Division	PART 9 REPORTING REQUIREMENTS (125.4901...125.4915)