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Section 125.2121a Use of Disbursement Pursuant to Mcl 125.2121 (4)(a) and (B).

MI Comp L § 125.2121a (2019) (N/A)
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Sec. 21a.

(1) Except as otherwise provided in subsection (2) and section 21(9), the local governmental unit shall use the amount disbursed to the local governmental unit pursuant to section 21(4)(a) and (b) only to fund capital improvements identified in the spending plan that the local governmental unit submitted to the authority.

(2) Upon approval of the authority, the local governmental unit may utilize the funds described in subsection (1) for any purpose authorized under this act.

History: Add. 1994, Act 230, Imd. Eff. June 30, 1994

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Section 125.2121 Enterprise Zone Created Before 1994; Levy of Specific Tax; Amount; Payment; Disbursement; Agreement; Credit; Lien; Eligibility for Credit; Funding Emergency Dispatch Services, Senior Citizen Centers, and Substance Abuse Rehabilitation Services.
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Section 125.2121b Enterprise Zone Created After 1993; Levy of Specific Tax; Amount; Payment; Disbursement; Lien; Qualification as Replacement Facility; Failure to Pay Tax; Allocation to School District.