Act 86 of 2014 Local Community Stabilization Authority Act (123.1341 - 123.1362)

Act 86 of 2014 Local Community Stabilization Authority Act (123.1341 - 123.1362)

Section 123.1341 Short Title.
Section 123.1343 Legislative Findings; Declarations; Purpose of Act.
Section 123.1345 Definitions.
Section 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.
Section 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.
Section 123.1351 Powers, Duties, Functions, and Responsibilities of Authority.
Section 123.1352 Local Community Stabilization Share; Power of Authority to Levy; Limitation; Receipt and Collection by Department; Generated Money as Money of Authority.
Section 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; Report of Millage for Essential Services.
Section 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.
Section 123.1355 Municipality That Is Local School District; Duties of Department.
Section 123.1356 Municipality That Is Intermediate School District; Duties of Department.
Section 123.1356a Municipality That Is Tax Increment Finance Authority; Calculation of Municipality's Tax Increment Small Taxpayer Loss; Duties of Municipality; Report.
Section 123.1356b Calculation by Municipality That Is Tax Increment Finance Authority; Form and Manner; Extension of Calculation and Reporting Date; Exclusion.
Section 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.
Section 123.1358 Distributions; Determination by Department; Submission of Information by Municipality; Availability; Municipality Review and Reporting.
Section 123.1359 Bonds or Other Obligations; Issuance.
Section 123.1360 Repealed. 2016, Act 124, Eff. May 19, 2016.
Section 123.1361 Debt Payment.
Section 123.1362 Construction of Act.

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