MCL - Section 125.4327

RECODIFIED TAX INCREMENT FINANCING ACT (EXCERPT)
Act 57 of 2018


125.4327 Dissolution of authority; resolution; disposition of property and assets.

Sec. 327.

    An authority which has completed the purposes for which it was organized shall be dissolved by resolution of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the municipality.


History: 2018, Act 57, Eff. Jan. 1, 2019