MCL - 57-2018-2
Act 57 of 2018
DOWNTOWN DEVELOPMENT AUTHORITIES
| Document | Type | Description |
|---|---|---|
| Section 125.4201 | Section | Definitions. |
| Section 125.4201a | Section | Legislative findings. |
| Section 125.4202 | Section | Authority; establishment; restriction; public body corporate; powers generally. |
| Section 125.4203 | Section | Resolution of intent to create and provide for operation of authority; public hearing on proposed ordinance creating authority and designating boundaries of downtown district; notice; exemption of taxes from capture; action by library board or commission; adoption, filing, and publication of ordinance; altering or amending boundaries; agreement with adjoining municipality; agreement with qualified township. |
| Section 125.4203a | Section | Authority of annexing or consolidated municipality; obligations, agreements, and bonds. |
| Section 125.4203b | Section | Ratification and validation of ordinance and actions; compliance. |
| Section 125.4203c | Section | Proceedings or findings; validity. |
| Section 125.4203d | Section | Establishment or amendment of authority, district, or plan; notice; publication or posting. |
| Section 125.4204 | Section | Board; appointment, terms, and qualifications of members; vacancy; compensation and expenses; election of chairperson; appointment as public official; oath; conducting business at public meeting; public notice; special meetings; removal of member; review; expense items and financial records; availability of writings to public; single board governing all authorities; member as resident or having interest in property; planning commission serving as board in certain municipalities; modification by interlocal agreement. |
| Section 125.4205 | Section | Director; acting director; treasurer; secretary; legal counsel; other personnel. |
| Section 125.4206 | Section | Participation of employees in municipal retirement and insurance programs. |
| Section 125.4207 | Section | Powers of board; creation, operation, or funding of retail business incubator. |
| Section 125.4208 | Section | Board serving as planning commission; agenda. |
| Section 125.4209 | Section | Authority as instrumentality of political subdivision. |
| Section 125.4210 | Section | Taking, transfer, and use of private property. |
| Section 125.4211 | Section | Financing activities of authority; disposition of money received by authority; municipal obligations. |
| Section 125.4212 | Section | Ad valorem tax; borrowing in anticipation of collection. |
| Section 125.4213 | Section | Revenue bonds. |
| Section 125.4213a | Section | Borrowing money; issuing revenue bonds or notes; purpose; costs; security; pledge and lien of pledge valid and binding; filing or recordation not required; tax exemption; bonds or notes neither liability nor debt of municipality; statement; investment and deposit of bonds and notes. |
| Section 125.4213b | Section | Insufficient tax increment revenues to repay advance or pay obligation; contents, time, and payment of claim; appropriation and distribution of aggregate amount; limitations; distribution subject to lien; obligation as debt or liability; certification of distribution amount; basis for calculation of distributions and claim reports. |
| Section 125.4213c | Section | Retention and payment of taxes levied under state education tax act; conditions; application by authority for approval; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution of amount; calculation of aggregate amount; lien; reimbursement calculations; legislative intent. |
| Section 125.4214 | Section | Tax increment financing plan; preparation and contents; limitation; public hearing; fiscal and economic implications; recommendations; agreements; modification of plan; catalyst development project. |
| Section 125.4215 | Section | Transmitting and expending tax increments revenues; reversion of surplus funds; abolishment of tax increment financing plan; conditions. |
| Section 125.4216 | Section | General obligation bonds and tax increment bonds; qualified refunding obligation. |
| Section 125.4217 | Section | Development plan; preparation; contents. |
| Section 125.4218 | Section | Ordinance approving or amending development plan or tax increment financing plan; public hearing; notice; record. |
| Section 125.4219 | Section | Development plan or tax increment financing plan as constituting public purpose; determination; ordinance; considerations; amendments; incorporation of catalyst development project plan. |
| Section 125.4220 | Section | Notice to vacate. |
| Section 125.4221 | Section | Development area citizens council; establishment; appointment and qualifications of members; representative of development area. |
| Section 125.4222 | Section | Development area citizens council; advisory body. |
| Section 125.4223 | Section | Consultation. |
| Section 125.4224 | Section | Development area citizens council; meetings; notice; record; information and technical assistance; failure to organize, consult, or advise. |
| Section 125.4225 | Section | Citizens district council as development area citizens council. |
| Section 125.4226 | Section | Notice of findings and recommendations. |
| Section 125.4227 | Section | Development area citizens council; dissolution. |
| Section 125.4228 | Section | Budget; cost of handling and auditing funds. |
| Section 125.4228a | Section | Exemption. |
| Section 125.4229 | Section | Historic sites. |
| Section 125.4230 | Section | Dissolution of authority; disposition of property and assets; reinstatement of authority; contesting validity of proceedings, findings, and determinations. |