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Michigan Compiled Laws Complete Through PA 171 of 2017
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Senate: Adjourned until Thursday, December 28, 2017 11:30:00 AM

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Act 75 of 1995
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EMPOWERMENT ZONE DEVELOPMENT CORPORATION ACT

Act 75 of 1995

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


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 125.2561SectionShort title.
Section 125.2563SectionLegislative findings.
Section 125.2565SectionDefinitions.
Section 125.2567SectionEmpowerment zone development corporation; application for incorporation; notice; public hearing; process for approving articles of incorporation and bylaws.
Section 125.2569SectionArticles of incorporation; filing; validity.
Section 125.2571SectionIncorporation of more than 1 corporation prohibited.
Section 125.2573SectionBoard 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 125.2575SectionBoard of directors; appointment; terms; expiration of term; compensation and expenses.
Section 125.2577SectionDisclosure of interest in matter before corporation.
Section 125.2579SectionBoard of directors; quorum.
Section 125.2581SectionCorporation; powers and duties.
Section 125.2583SectionCorporation; dissolution.
Section 125.2585SectionImposition of sanctions; basis; approval.
Section 125.2587SectionProceedings under powers of eminent domain; taking and transfer of property; terms and conditions.
Section 125.2589SectionConstruction of act.
Section 125.2591SectionAuthority of act in addition to power of municipality.
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