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Michigan Compiled Laws Complete Through PA 47 of 2019
House: Adjourned until Tuesday, July 23, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, July 23, 2019 10:00:00 AM


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Act 57 of 2018
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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


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
57-2018-1DivisionPART 1 GENERAL PROVISIONS (125.4101...125.4104)
57-2018-2DivisionPART 2 DOWNTOWN DEVELOPMENT AUTHORITIES (125.4201...125.4230)
57-2018-3DivisionPART 3 TAX INCREMENT FINANCE AUTHORITIES (125.4301...125.4329)
57-2018-4DivisionPART 4 LOCAL DEVELOPMENT FINANCE AUTHORITIES (125.4401...125.4420)
57-2018-5DivisionPART 5 NONPROFIT STREET RAILWAYS (125.4503...125.4527)
57-2018-6DivisionPART 6 CORRIDOR IMPROVEMENT AUTHORITIES (125.4602...125.4629)
57-2018-7DivisionPART 7 WATER RESOURCE IMPROVEMENT AUTHORITIES (125.4702...125.4722)
57-2018-8DivisionPART 8 NEIGHBORHOOD IMPROVEMENT AUTHORITIES (125.4802...125.4821)
57-2018-9DivisionPART 9 REPORTING REQUIREMENTS (125.4901...125.4915)
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