MCL - 57-2018-8

Act 57 of 2018
Document Type Description
Section 125.4802 Section Definitions; A to M.
Section 125.4803 Section Definitions; O to T.
Section 125.4804 Section Multiple authorities; establishment; authority as public body corporate.
Section 125.4805 Section Operation of authority; resolution of intent; public hearing; notice; adoption of ordinance establishing authority; filing; alteration or amendment of boundaries; exclusions; duration.
Section 125.4806 Section Annexation or consolidation with another municipality.
Section 125.4807 Section Board; chief executive officer; membership; appointment; terms; vacancy; oath; open meetings; removal of member; financial records; writings subject to freedom of information act.
Section 125.4808 Section Director; compensation; service; eligibility; oath; posting of bond; director as chief executive officer; duties of director; acting director; treasurer; secretary; retention of legal counsel; other personnel.
Section 125.4809 Section Municipal retirement and insurance programs; participation.
Section 125.4810 Section Powers of board.
Section 125.4811 Section Financing sources; disposition of money received.
Section 125.4812 Section Borrowing money and issuing negotiable revenue bonds.
Section 125.4813 Section Acquisition or construction of property; borrowing money and issuing revenue bonds; other financing; securing bonds and notes; pledge; exemption from taxation; exceptions; liability; investments.
Section 125.4814 Section Tax increment financing plan; preparation and submission; contents; hearing and approval procedure; agreement with taxing jurisdiction; modification; exemption from tax; separate millage for public library purposes; resolution.
Section 125.4815 Section Tax increment revenues; transmission to authority; expenditures.
Section 125.4816 Section Authorization, issuance, and sale of tax increment bonds; limitations; pledge; resolution to create lien on revenues; limited tax pledge.
Section 125.4817 Section Development plan; contents.
Section 125.4818 Section Development plan; public hearing; notice; opportunity to speak and provide written comment.
Section 125.4819 Section Development plan or tax increment financing plan as public purpose; consideration for approval, rejection, or modification.
Section 125.4820 Section Budget; submission; approval; cost of handling and auditing funds.
Section 125.4821 Section Dissolution of authority; property and assets.