MCL - 57-2018-7

Act 57 of 2018
Document Type Description
Section 125.4702 Section Definitions; A to M.
Section 125.4703 Section Definitions; O to W.
Section 125.4704 Section Establishment of multiple authorities; powers.
Section 125.4705 Section Intent 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 125.4706 Section Annexation or consolidation.
Section 125.4707 Section Board; 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 125.4708 Section Director; compensation; service; oath; bond; duties; acting director; treasurer; secretary; legal counsel; duties; other personnel.
Section 125.4709 Section Participation of employees in municipal retirement and insurance programs; employees not civil service employees.
Section 125.4710 Section Board; powers; duties; preparation of water resource management plan; consultation with certain entities; application for state and federal permits.
Section 125.4711 Section Authority as instrumentality of political subdivision.
Section 125.4712 Section Financing sources; disposition of money received.
Section 125.4713 Section Borrowing money and issuing bonds.
Section 125.4714 Section Borrowing 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 125.4715 Section Tax 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 125.4716 Section Transmission of tax increment revenues to authority; expenditures; terms; reversion of unused funds; abolishment of plan; conditions.
Section 125.4717 Section Authorization, issuance, and sale of tax increment bonds.
Section 125.4718 Section Development plan; contents.
Section 125.4719 Section Development plan or tax increment financing plan; adoption of ordinance; notice of public hearing; purpose of public hearing.
Section 125.4720 Section Determination of public purpose; approval or rejection of plan; modification; considerations.
Section 125.4721 Section Operation of authority; budget; review by board; submission to governing body; adoption; cost of handling and auditing funds.
Section 125.4722 Section Dissolution of authority.