MCL - 258-2003-1

LAND BANK FAST TRACK ACT (EXCERPT)
Act 258 of 2003
Chapter 1
GENERAL PROVISIONS
Document Type Description
Section 124.751 Section Short title.
Section 124.752 Section Legislative findings.
Section 124.753 Section Definitions.
Section 124.754 Section Powers.
Section 124.755 Section Acquisition of property; accepting deed in lieu of foreclosure or sale; release of tax lien.
Section 124.756 Section Preservation of property value.
Section 124.757 Section Disposition of property by authority; inventory and classification of property; title status and suitability for use; recording property transfer.
Section 124.758 Section Receipt of tax, penalty, or interest payments; return to local tax collecting unit; retention of proceeds.
Section 124.759 Section Expedited quiet title and foreclosure action; procedure.
Section 124.760 Section Property as site of environmental contamination; information to be provided to department of environmental quality; property subject to certain conditions; liability.
Section 124.761 Section Waste of or unlawful removal of property; restraining order.
Section 124.762 Section Authority as party to civil action.
Section 124.763 Section Property of authority as public property.
Section 124.764 Section Construction, intent, and scope of act.
Section 124.765 Section Land bank fast track authority; creation; powers and duties; staffing; cooperation with state departments and agencies.
Section 124.766 Section Board of directors; membership; appointment; terms; oath; removal; vacancy; election of chairperson and vice-chairperson; designation of representative; discharge of duties.
Section 124.767 Section Executive director; appointment; eligibility; oath; duties.
Section 124.768 Section Land bank fast track fund; creation; receipt of money or other assets; transfer of money in urban land assembly loan fund; loan repayments; money remaining in fund; expenditures; disposition of proceeds.
Section 124.769 Section Borrowing money and issuing bonds or notes.
Section 124.770 Section Transfer of property from state administrative board.
Section 124.771 Section Dissolution of authority.
Section 124.772 Section Biennial report.
Section 124.773 Section Intergovernmental agreements.
Section 124.774 Section Authority created under MCL 124.773; borrowing money and issuing bonds or notes.