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Act 94 of 2008
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***** Act 94 of 2008 THIS ACT IS REPEALED BY ACT 57 OF 2018 EFFECTIVE JANUARY 1, 2019 *****


WATER RESOURCE IMPROVEMENT TAX INCREMENT FINANCE AUTHORITY ACT

Act 94 of 2008

AN ACT to provide for the establishment of a water improvement tax increment finance authority; to prescribe the powers and duties of the authority; to correct and prevent deterioration in water resources; 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 water resource improvement; to create a board; to prescribe the powers and duties of the board; to authorize the issuance of bonds and other evidences of indebtedness; to authorize the use of tax increment financing; to prescribe powers and duties of certain state officials; to provide for rule promulgation; and to provide for enforcement of the act.


History: 2008, Act 94, Imd. Eff. Apr. 8, 2008


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 125.1771SectionShort title.
Section 125.1772SectionDefinitions; A to M.
Section 125.1773SectionDefinitions; O to W.
Section 125.1774SectionEstablishment of multiple authorities; powers.
Section 125.1775SectionIntent to create and provide for operation of authority within water resource improvement district; resolution of intent; notice of public hearing; adoption of ordinance; filing; publication; alteration or amendment of boundaries; agreement with adjoining municipality.
Section 125.1776SectionAnnexation or consolidation.
Section 125.1777SectionBoard; membership; qualifications; terms; appointment to fill vacancy; compensation; oath of office; proceedings and rules subject to open meetings act; meetings; removal of board member; publication of expense items; availability of financial records; writings subject to freedom of information act.
Section 125.1778SectionDirector; compensation; service; oath; bond; duties; acting director; treasurer; secretary; legal counsel; duties; other personnel.
Section 125.1779SectionParticipation of employees in municipal retirement and insurance programs; employees not civil service employees.
Section 125.1780SectionBoard; powers; duties; preparation of water resource management plan; consultation with certain entities; application for state and federal permits.
Section 125.1781SectionAuthority as instrumentality of political subdivision.
Section 125.1782SectionFinancing sources; disposition of money received.
Section 125.1783SectionBorrowing money and issuing bonds.
Section 125.1784SectionBorrowing money and issuing bonds or notes; security; pledge; lien; exemption of bonds or notes from taxation; municipality not liable on bonds and notes of authority; statement; investment; deposit.
Section 125.1785SectionTax increment financing plan; preparation and submission; development plan; statement of estimated impact; approval; notice, hearing, and disclosure provisions; modification; exempting taxes from capture; resolution; action of library board or commission.
Section 125.1786SectionTransmission of tax increment revenues to authority; expenditures; terms; reversion of unused funds; abolishment of plan; conditions; status report on tax increment financing account.
Section 125.1787SectionAuthorization, issuance, and sale of tax increment bonds.
Section 125.1788SectionDevelopment plan; contents.
Section 125.1789SectionDevelopment plan or tax increment financing plan; adoption of ordinance; notice of public hearing; purpose of public hearing.
Section 125.1790SectionDetermination of public purpose; approval or rejection of plan; modifications; considerations.
Section 125.1791SectionOperation of authority; budget; review by board; submission to governing body; adoption; cost of handling and auditing funds.
Section 125.1792SectionDissolution of authority.
Section 125.1793SectionEnforcement of act; rules.
Section 125.1794SectionRepealed. 2013, Act 25, Eff. Aug. 9, 2013.
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