PART

TAX INCREMENT FINANCE AUTHORITIES

Mich. Comp. Laws § 125.4301— Definitions
Mich. Comp. Laws § 125.4301a— Short title of part
Mich. Comp. Laws § 125.4302— Authority; establishment; public body corporate; powers generally
Mich. Comp. Laws § 125.4303— Resolution of intent to create and provide operation of authority; determinations; notice of public hearing; adoption, filing, and publication of resolution establishing authority and designating boundaries of authority district; alteration or amendment of boundaries; validity of proceedings establishing authority; action by library board or commission
Mich. Comp. Laws § 125.4304— Board; composition; chairperson; oath of member; rules governing procedure and meetings; meetings open to public; removal of member; publicizing expense items; financial records open to public
Mich. Comp. Laws § 125.4305— Board; employment, compensation, term, oath, and bond of director; chief executive office; duties of director; absence or disability of director; reports; employment, compensation, and duties of treasurer and secretary; retention and duties of legal counsel; employment of other personnel; participation in municipal retirement and insurance programs
Mich. Comp. Laws § 125.4307— Board; powers generally
Mich. Comp. Laws § 125.4308— Board serving as planning commission; agenda
Mich. Comp. Laws § 125.4309— Authority as instrumentality of political subdivision
Mich. Comp. Laws § 125.4310— Taking, transfer, and use of private property by municipality
Mich. Comp. Laws § 125.4311— Financing activities of authority; sources
Mich. Comp. Laws § 125.4312— Borrowing money; issuing negotiable revenue bonds; full faith and credit
Mich. Comp. Laws § 125.4312a— Insufficient tax increment revenues for repayment of advance or payment of obligation; appropriation and distribution to authority; filing, time, and contents of claim; distribution of amounts in 2 equal payments; appropriation and distribution of aggregate amount; limitations; distribution subject to lien; obligation as debt or liability; certification of distribution amount; basis for calculations of distributions and claims reports; debt payment period
Mich. Comp. Laws § 125.4312b— 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
Mich. Comp. Laws § 125.4313— Preparation and submission of tax increment financing plan; contents and approval of plan; public hearing; taxing jurisdictions
Mich. Comp. Laws § 125.4314— Transmitting and expending tax increment revenues; disposition of surplus funds; abolition of tax increment financing plan
Mich. Comp. Laws § 125.4315— Tax increment bonds; qualified refunding obligation
Mich. Comp. Laws § 125.4316— Development plan; preparation; contents
Mich. Comp. Laws § 125.4317— Public hearing on development plan; publication, mailing, and contents of notice; presentation of data; record
Mich. Comp. Laws § 125.4318— Development plan or tax increment plan as public purpose; determination; approval or rejection of plan; notice and hearing; conclusiveness of procedure, adequacy of notice, and certain findings; validation and conclusiveness of plan; contesting plan
Mich. Comp. Laws § 125.4319— Notice to vacate
Mich. Comp. Laws § 125.4320— Development area citizens council; establishment; advisory body; appointment and qualifications of members
Mich. Comp. Laws § 125.4321— Consultation representative of authority and council
Mich. Comp. Laws § 125.4322— Meetings of council; open to public; notice; hearing persons present at meeting; record; information and technical assistance; failures not precluding adoption of development plan
Mich. Comp. Laws § 125.4323— Development or tax increment financing plan; notice of findings and recommendations
Mich. Comp. Laws § 125.4324— Development area citizens council; dissolution
Mich. Comp. Laws § 125.4325— Budget; cost of handling and auditing funds
Mich. Comp. Laws § 125.4326— Preservation of public facility, building, or structure having significant historical interest; review of proposed changes to exterior of historic site
Mich. Comp. Laws § 125.4327— Dissolution of authority; resolution; disposition of property and assets
Mich. Comp. Laws § 125.4328— Authority district part of area annexed to or consolidated with another municipality; authority of annexing or consolidated municipality; effect of obligations, agreements, and bonds
Mich. Comp. Laws § 125.4329— New authority or authority district and boundaries of authority district; prohibitions; validity of tax increment finance authority, authority district, development area, development plan, or tax increment financing plan established before December 30, 1986; development area created or expanded after December 29, 1986