Act
Brownfield redevelopment financing act
- Mich. Comp. Laws § 125.2651— Short title
- Mich. Comp. Laws § 125.2652— Definitions
- Mich. Comp. Laws § 125.2653— Brownfield redevelopment authority; establishment; exercise of powers; alteration or amendment of boundaries; authority as public body corporate; written agreement with county
- Mich. Comp. Laws § 125.2654— Resolution by governing body; adoption; notice; public hearing; proceedings establishing authority; presumption of validity; exercise of powers as essential governmental function
- Mich. Comp. Laws § 125.2655— Designation of board by governing body; membership; trustees; applicability of subsection (2); election of chairperson, vice-chairperson, and other officers; oath; procedural rules; meetings; special meetings; removal of member; records open to public; quorum
- Mich. Comp. Laws § 125.2656— Appointment or employment of director, treasurer, secretary, personnel, and consultants; assistance provided by municipality; retirement and insurance programs
- Mich. Comp. Laws § 125.2657— Powers of authority; determining captured taxable value; transfer of municipality funds to authority
- Mich. Comp. Laws § 125.2658— Local brownfield revolving fund
- Mich. Comp. Laws § 125.2658a— State brownfield redevelopment fund
- Mich. Comp. Laws § 125.2659— Authority as instrumentality of political subdivision
- Mich. Comp. Laws § 125.2660— Taking, transfer, and use of private property
- Mich. Comp. Laws § 125.2661— Financing sources of authority activities
- Mich. Comp. Laws § 125.2662— Bonds and notes of authority
- Mich. Comp. Laws § 125.2663— Brownfield plan; provisions
- Mich. Comp. Laws § 125.2663a— Cost recovery action
- Mich. Comp. Laws § 125.2663b— Use of taxes captured from eligible property
- Mich. Comp. Laws § 125.2663c— Transformational brownfield plan
- Mich. Comp. Laws § 125.2664— Brownfield plan; approval; public hearing; record; notice; public purpose; determination; amendments to plan; validity of procedure, notice, and findings; presumption; abolishment or termination of plan
- Mich. Comp. Laws § 125.2664a— Transformational brownfield plan; approval and review by governing body and Michigan strategic fund; use of funds
- Mich. Comp. Laws § 125.2665— Work plan; documents to be submitted for approval; conditions for approval; written response; time limitations; department specific activities; review by department; approval or denial of work plan as final decision; appeal; approval by Michigan strategic fund or Michigan state housing development authority; duties; criteria; failure to provide written response; final approval; report; distribution of remaining funds; extension of review period; approval of combined brownfield plan
- Mich. Comp. Laws § 125.2665a— Retention and payment of taxes levied under state education tax act; conditions; use; application for approval by authority; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution of amount; aggregate amount; lien; obligations; copy of application; calculations; legislative intent; definitions
- Mich. Comp. Laws § 125.2665b— Reimbursement to intermediate school districts
- Mich. Comp. Laws § 125.2666— Tax increment revenues; transmission to authority; expenditure; reversion of surplus funds; financial status report; collection and compilation of financial reports by department, Michigan strategic fund, and Michigan state housing development authority; reporting obligations; performance postaudit report by auditor general; report by owner or developer for active project within brownfield plan; requirements applicable to transformational brownfield plan
- Mich. Comp. Laws § 125.2667— Authorization, issuance, and sale of tax increment bonds and notes
- Mich. Comp. Laws § 125.2668— Operating budget
- Mich. Comp. Laws § 125.2669— Dissolution of authority; distribution of tax revenues and interest
- Mich. Comp. Laws § 125.2670— Enforcement proceedings