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MICHIGAN ECONOMIC GROWTH AUTHORITY ACT
Act 24 of 1995
AN ACT to promote economic growth and job creation within this state; to create and regulate the Michigan economic growth authority; to prescribe the powers and duties of the authority and of state and local officials; to assess and collect a fee; to approve certain plans and the use of certain funds; and to provide qualifications for and determine eligibility for tax credits and other incentives for authorized businesses and for qualified taxpayers.
History: 1995, Act 24, Imd. Eff. Apr. 18, 1995
Am. 2000, Act 144, Imd. Eff. June 6, 2000
Popular Name: MEGA
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 207.801||Section||Short title.
|Section 207.802||Section||Legislative findings.
|Section 207.804||Section||Michigan economic growth authority; creation within Michigan strategic fund; duties; membership, appointment, and terms of members; vacancy; compensation; expenses.
|Section 207.805||Section||Michigan economic growth authority; powers; quorum; meetings; business conducted at public meeting; confidential information; written statement; disclosure; “financial or proprietary information” defined.
|Section 207.806||Section||Michigan economic growth authority; powers.
|Section 207.807||Section||Application for tax credit; written agreement; form.
|Section 207.808||Section||Agreement for tax credit; determination; requirements; amount and duration of tax credits; factors; written agreement; criteria; limitation on new agreements; execution; repayment provision; conditions; agreement with eligible business not meeting criteria.
|Section 207.808a||Section||Fee or donation.
|Section 207.809||Section||Eligibility for credits; issuance of certificate.
|Section 207.810||Section||Report to legislature.