January 9, 2008, Introduced by Rep. Sak and referred to the Committee on Commerce.
A bill to amend 1996 PA 376, entitled
"Michigan renaissance zone act,"
by amending section 4 (MCL 125.2684), as amended by 2006 PA 440.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4. (1) One or more qualified local governmental units may
apply to the review board to designate the qualified local
governmental unit or units as a renaissance zone if all of the
following criteria are met:
(a) The geographic area of the proposed renaissance zone is
located within the boundaries of the qualified local governmental
unit or units that apply.
(b) The application includes a development plan.
(c) The proposed renaissance zone is not more than 5,000 acres
in size.
(d) The renaissance zone does not contain more than 10
distinct geographic areas. Except as otherwise provided in this
subdivision, the minimum size of a distinct geographic area is not
less than 5 acres. A qualified local governmental unit or units may
designate not more than 4 distinct geographic areas in each
renaissance zone to have no minimum size requirement.
(e) The application includes the proposed duration of
renaissance zone status, not to exceed 15 years, except as
otherwise provided in this section.
(f) If the qualified local governmental unit has an elected
county executive, the county executive's written approval of the
application.
(g) If the qualified local governmental unit is a city, that
city's mayor's written approval of the application.
(2) A qualified local governmental unit may submit not more
than 1 application to the review board for designation as a
renaissance zone. A resolution provided by a city, village, or
township under section 7(2) does not constitute an application of a
city, village, or township for a renaissance zone under this act.
(3) For a distinct geographic area described in subsection
(1)(d), a village may include publicly owned land within the
boundaries of any distinct geographic area.
(4) Beginning December 1, 2006 through December 31, 2011, a
qualified local governmental unit or units in which a renaissance
zone was designated under section 8 or 8a(1) or (3) may designate
additional distinct geographic areas not to exceed a total of 10
distinct geographic areas upon application to and approval by the
board of the Michigan strategic fund if the distinct geographic
area is located in an eligible distressed area as defined in
section 11 of the state housing development authority act of 1966,
1966 PA 346, MCL 125.1411, or is contiguous to an eligible
distressed area, and if the additional distinct geographic area
will
increase capital investment and or
job creation. The duration
of renaissance zone status for the additional distinct geographic
areas shall not exceed 15 years.
(5) Through December 31, 2002, if a qualified local
governmental unit or units designate additional distinct geographic
areas in a renaissance zone under subsection (4), the qualified
local governmental unit or units may extend the duration of the
renaissance zone status of 1 or more distinct geographic areas in
that renaissance zone until 2017 upon application to and approval
by the board.
(6) Through December 31, 2002, a qualified local governmental
unit or units in which a renaissance zone was designated under
section 8 or 8a may, upon application to and approval by the board,
seek to extend the duration of renaissance zone status until 2017.
Upon application, the board may extend the duration of renaissance
zone status.
(7) Through December 31, 2011, a qualified local governmental
unit or units in which a renaissance zone was designated under
section
8 or 8a(1) or (3) that has not experienced significant
development
may, upon application to and
approval by the board of
the Michigan strategic fund, seek to extend the duration of
renaissance zone status for 1 or more portions of the renaissance
zone if the extension will increase capital investment or job
creation. The board of the Michigan strategic fund may extend
renaissance zone status for 1 or more portions of the renaissance
zone under this subsection for a period of time not to exceed 15
years from the date of the application to the board of the Michigan
strategic fund under this subsection. Only the qualified local
governmental unit that is requesting the extension of time may
submit the application.