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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
© 2020 Legislative Council, State of Michigan
The People of the State of Michigan enact:
| 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) |
Michigan Compiled Laws Complete Through PA 402 of 2020