MCL - Act 275 of 2010


NEXT MICHIGAN DEVELOPMENT ACT

Act 275 of 2010

AN ACT to encourage the creation of next Michigan development corporations by interlocal agreement and to prescribe their powers and duties; to foster economic opportunities in this state and prevent conditions of unemployment and underemployment and to promote economic growth; to provide for the designation of next Michigan development districts and next Michigan development businesses; and to prescribe the powers and duties of certain state and local departments, entities, and officials.


History: 2010, Act 275, Imd. Eff. Dec. 15, 2010




The People of the State of Michigan enact:
Document Type Description
Section 125.2951 Section Short title.
Section 125.2952 Section Legislative findings; declaration.
Section 125.2953 Section Definitions.
Section 125.2954 Section Next Michigan development corporation; designation; eligibility; composition of territory; parties to interlocal agreement; application; preference.
Section 125.2955 Section Next Michigan development corporation; designation by board of Michigan strategic fund; limitation on number designated; development of application form and process; criteria; grant or denial of designation within certain time period; limitation.
Section 125.2956 Section Next Michigan development corporation; powers, duties, and responsibilities.
Section 125.2957 Section Business conducted at public meetings; public record; confidentiality; "financial or proprietary information" defined.
Section 125.2958 Section Dissolution or termination; validity of incentives previously granted.
Section 125.2959 Section Construction and interpretation of act.