MCL - 57-2018-6

Act 57 of 2018
Document Type Description
Section 125.4602 Section Definitions; A to M.
Section 125.4603 Section Definitions.
Section 125.4604 Section Multiple authorities; establishment; public body corporate; powers.
Section 125.4605 Section Development area; establishment in municipality; exception; criteria; compliance.
Section 125.4606 Section Creation of authority; resolution by governing body; notice of public hearing; adoption of resolution designating boundaries; alteration or amendment; interlocal agreement.
Section 125.4607 Section Annexation or consolidation; effect.
Section 125.4608 Section Authority under supervision and control of board; membership; appointment; terms; vacancy; expenses; chairperson; oath; proceedings and rules subject to open meetings act; removal of board member; financial records; writings subject to freedom of information act; members as members of business improvement district; creation of joint authority; board.
Section 125.4609 Section Director, treasurer, secretary, legal counsel, other personnel; compensation; duties.
Section 125.4610 Section Retirement and insurance programs.
Section 125.4611 Section Board; powers.
Section 125.4612 Section Authority as instrument of political subdivision.
Section 125.4613 Section Acquisition of private property; transfer to authority; use.
Section 125.4614 Section Financing sources; disposition.
Section 125.4615 Section Special assessment; levy; borrowing money and issuing notes.
Section 125.4616 Section Revenue bonds.
Section 125.4617 Section Acquisition or construction of property; financing; bonds or notes.
Section 125.4618 Section Tax increment financing plan.
Section 125.4619 Section Tax increment revenues; transmission; expenditures; use.
Section 125.4620 Section Financing development program of tax increment financing plan; authorization, issuance, and sale of general obligation bonds; estimate of anticipated tax increment revenues; resolution; security; lien.
Section 125.4621 Section Development plan; preparation; contents.
Section 125.4622 Section Development plan; public hearing; notice; contents; opportunity to speak; hearing record.
Section 125.4623 Section Approval, rejection, or approval with modification; considerations.
Section 125.4624 Section Notice to vacate.
Section 125.4625 Section Budget; submission to board; preparation; approval; adoption; cost of handling and auditing funds.
Section 125.4626 Section Preservation of historical sites.
Section 125.4627 Section Dissolution.
Section 125.4629 Section Tax increment revenues; definition; condition.