Act No. 338

Public Acts of 2005

Approved by the Governor

January 3, 2006

Filed with the Secretary of State

January 3, 2006

EFFECTIVE DATE: January 3, 2006

STATE OF MICHIGAN

93RD LEGISLATURE

REGULAR SESSION OF 2005

Introduced by Senator Scott

ENROLLED SENATE BILL No. 529

AN ACT to amend 1992 PA 147, entitled "An act to provide for the development and rehabilitation of residential housing; to provide for the creation of neighborhood enterprise zones; to provide for obtaining neighborhood enterprise zone certificates for a period of time and to prescribe the contents of the certificates; to provide for the exemption of certain taxes; to provide for the levy and collection of a specific tax on the owner of certain facilities; and to prescribe the powers and duties of certain officers of the state and local governmental units," by amending sections 6 and 7 (MCL 207.776 and 207.777).

The People of the State of Michigan enact:

Sec. 6. Not later than 60 days after receipt of an approved application for a homestead facility or a rehabilitated facility, and not later than 30 days, or if an approved application is received after October 31, not later than 45 days after receipt of an approved application for a new facility, the commission shall determine whether the homestead facility, new facility, or rehabilitated facility complies with the requirements of this act. If the commission finds compliance, it shall issue a neighborhood enterprise zone certificate to the applicant and send a certified copy of the certificate to the assessor of the local governmental unit and each affected taxing unit. The assessor shall keep the certificate filed on record in his or her office. The commission shall maintain a record of all certificates filed. Notice of the commission's refusal to issue a certificate shall be sent by certified mail to the same persons.

Sec. 7. (1) The commission shall not issue a neighborhood enterprise zone certificate for a new facility unless the new facility meets the requirements of the definition in section 2(g).

(2) The commission shall not issue a neighborhood enterprise zone certificate for a rehabilitated facility unless the rehabilitated facility meets the requirements of the definition in section 2(k).

(3) The commission shall not issue a neighborhood enterprise zone certificate for a homestead facility unless the homestead facility meets the requirements of the definition in section 2(e).

This act is ordered to take immediate effect.

Secretary of the Senate

Clerk of the House of Representatives

Approved

Governor