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Michigan Legislature
Michigan Compiled Laws Complete Through PA 6 of 2023
House: Adjourned until Tuesday, April 11, 2023 1:30:00 PM
Senate: Adjourned until Tuesday, April 11, 2023 10:00:00 AM

Michigan Legislature

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Act 57 of 2018

Section 125.4201SectionDefinitions.
Section 125.4201aSectionLegislative findings.
Section 125.4202SectionAuthority; establishment; restriction; public body corporate; powers generally.
Section 125.4203SectionResolution of intent to create and provide for operation of authority; public hearing on proposed ordinance creating authority and designating boundaries of downtown district; notice; exemption of taxes from capture; action by library board or commission; adoption, filing, and publication of ordinance; altering or amending boundaries; agreement with adjoining municipality; agreement with qualified township.
Section 125.4203aSectionAuthority of annexing or consolidated municipality; obligations, agreements, and bonds.
Section 125.4203bSectionRatification and validation of ordinance and actions; compliance.
Section 125.4203cSectionProceedings or findings; validity.
Section 125.4203dSectionEstablishment or amendment of authority, district, or plan; notice; publication or posting.
Section 125.4204SectionBoard; appointment, terms, and qualifications of members; vacancy; compensation and expenses; election of chairperson; appointment as public official; oath; conducting business at public meeting; public notice; special meetings; removal of member; review; expense items and financial records; availability of writings to public; single board governing all authorities; member as resident or having interest in property; planning commission serving as board in certain municipalities; modification by interlocal agreement.
Section 125.4205SectionDirector; acting director; treasurer; secretary; legal counsel; other personnel.
Section 125.4206SectionParticipation of employees in municipal retirement and insurance programs.
Section 125.4207SectionPowers of board; creation, operation, or funding of retail business incubator.
Section 125.4208SectionBoard serving as planning commission; agenda.
Section 125.4209SectionAuthority as instrumentality of political subdivision.
Section 125.4210SectionTaking, transfer, and use of private property.
Section 125.4211SectionFinancing activities of authority; disposition of money received by authority; municipal obligations.
Section 125.4212SectionAd valorem tax; borrowing in anticipation of collection.
Section 125.4213SectionRevenue bonds.
Section 125.4213aSectionBorrowing money; issuing revenue bonds or notes; purpose; costs; security; pledge and lien of pledge valid and binding; filing or recordation not required; tax exemption; bonds or notes neither liability nor debt of municipality; statement; investment and deposit of bonds and notes.
Section 125.4213bSectionInsufficient tax increment revenues to repay advance or pay obligation; contents, time, and payment of claim; appropriation and distribution of aggregate amount; limitations; distribution subject to lien; obligation as debt or liability; certification of distribution amount; basis for calculation of distributions and claim reports.
Section 125.4213cSectionRetention 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 of amount; calculation of aggregate amount; lien; reimbursement calculations; legislative intent.
Section 125.4214SectionTax increment financing plan; preparation and contents; limitation; public hearing; fiscal and economic implications; recommendations; agreements; modification of plan; catalyst development project.
Section 125.4215SectionTransmitting and expending tax increments revenues; reversion of surplus funds; abolishment of tax increment financing plan; conditions.
Section 125.4216SectionGeneral obligation bonds and tax increment bonds; qualified refunding obligation.
Section 125.4217SectionDevelopment plan; preparation; contents.
Section 125.4218SectionOrdinance approving or amending development plan or tax increment financing plan; public hearing; notice; record.
Section 125.4219SectionDevelopment plan or tax increment financing plan as constituting public purpose; determination; ordinance; considerations; amendments; incorporation of catalyst development project plan.
Section 125.4220SectionNotice to vacate.
Section 125.4221SectionDevelopment area citizens council; establishment; appointment and qualifications of members; representative of development area.
Section 125.4222SectionDevelopment area citizens council; advisory body.
Section 125.4223SectionConsultation.
Section 125.4224SectionDevelopment area citizens council; meetings; notice; record; information and technical assistance; failure to organize, consult, or advise.
Section 125.4225SectionCitizens district council as development area citizens council.
Section 125.4226SectionNotice of findings and recommendations.
Section 125.4227SectionDevelopment area citizens council; dissolution.
Section 125.4228SectionBudget; cost of handling and auditing funds.
Section 125.4228aSectionExemption.
Section 125.4229SectionHistoric sites.
Section 125.4230SectionDissolution of authority; disposition of property and assets; reinstatement of authority; contesting validity of proceedings, findings, and determinations.
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