Act
Local community stabilization authority act
- Mich. Comp. Laws § 123.1341— Short title
- Mich. Comp. Laws § 123.1343— Legislative findings; declarations; purpose of act
- Mich. Comp. Laws § 123.1345— Definitions
- Mich. Comp. Laws § 123.1347— Local community stabilization authority; establishment; public body corporate and special authority; property of authority as public property; exemption from taxes and special assessments; presumption of validity; jurisdiction
- Mich. Comp. Laws § 123.1349— Authority council; establishment as governing body; membership; appointment; terms; vacancy; chairperson; oath of office; compensation; reimbursement for travel and expenses; discharge of duties; meeting; election of officers; conduct of business at public meeting; special meeting; availability of records to public; system of accounts; annual audit; budget; procurement policy; members as public servants; ethics manual; conflict of interest; removal from office
- Mich. Comp. Laws § 123.1351— Powers, duties, functions, and responsibilities of authority
- Mich. Comp. Laws § 123.1352— Local community stabilization share; power of authority to levy; limitation; receipt and collection by department; generated money as money of authority
- Mich. Comp. Laws § 123.1353— Report by city and township assessor to county equalization director; report by county equalization director to department; compilation of municipality's information; calculation of millage rate and debt loss or school debt loss; report of increased value from expired tax exemptions; exclusion of enhancement millage; report of millage for essential services
- Mich. Comp. Laws § 123.1354— Municipality not local school district, intermediate school district, or tax increment finance authority; municipality that is county, township, village, city, or authority providing essential services; duties of department
- Mich. Comp. Laws § 123.1355— Municipality that is local school district; duties of department
- Mich. Comp. Laws § 123.1356— Municipality that is intermediate school district; duties of department
- Mich. Comp. Laws § 123.1356a— Municipality that is tax increment finance authority; calculation of municipality's tax increment small taxpayer loss; duties of municipality; report
- Mich. Comp. Laws § 123.1356b— Calculation by municipality that is tax increment finance authority; form and manner; extension of calculation and reporting date; exclusion
- Mich. Comp. Laws § 123.1357— Appropriation of funds; purposes; distribution to municipalities; distribution of local community stabilization share revenue; priority; payments, overpayments, and underpayments; insufficient funds; use of revenue; distribution; amounts
- Mich. Comp. Laws § 123.1358— Distributions; determination by department; submission of information by municipality; availability; municipality review and reporting
- Mich. Comp. Laws § 123.1359— Bonds or other obligations; issuance
- Mich. Comp. Laws § 123.1361— Debt payment
- Mich. Comp. Laws § 123.1362— Construction of act