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U.S. State Codes
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Michigan
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Chapter 125 - Planning, Hou...
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Act 57 of 2018 Recodified T...
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57-2018-2 Part 2 Downtown Development Authoriti...
57-2018-2 Part 2 Downtown Development Authorities (125.4201...125.4230)
Section 125.4201 Definitions.
Section 125.4201a Legislative Findings.
Section 125.4202 Authority; Establishment; Restriction; Public Body Corporate; Powers Generally.
Section 125.4203 Resolution of Intent to Create and Provide for Operation of Authority; Public Hearing on Proposed Ordinance Creating Authority and Designating Boundaries of Downtown District; Notice; Exemption of Taxes From Capture; Action by Library Board or Commission; Adoption, Filing, and Publication of Ordinance; Altering or Amending Boundaries; Agreement With Adjoining Municipality; Agreement With Qualified Township.
Section 125.4203a Authority of Annexing or Consolidated Municipality; Obligations, Agreements, and Bonds.
Section 125.4203b Ratification and Validation of Ordinance and Actions; Compliance.
Section 125.4203c Proceedings or Findings; Validity.
Section 125.4203d Establishment or Amendment of Authority, District, or Plan; Notice; Publication or Posting.
Section 125.4204 Board; Appointment, Terms, and Qualifications of Members; Vacancy; Compensation and Expenses; Election of Chairperson; Appointment as Public Official; Oath; Conducting Business at Public Meeting; Public Notice; Special Meetings; Removal of Member; Review; Expense Items and Financial Records; Availability of Writings to Public; Single Board Governing All Authorities; Member as Resident or Having Interest in Property; Planning Commission Serving as Board in Certain Municipalities; Modification by Interlocal Agreement.
Section 125.4205 Director; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel.
Section 125.4206 Participation of Employees in Municipal Retirement and Insurance Programs.
Section 125.4207 Powers of Board; Creation, Operation, or Funding of Retail Business Incubator.
Section 125.4208 Board Serving as Planning Commission; Agenda.
Section 125.4209 Authority as Instrumentality of Political Subdivision.
Section 125.4210 Taking, Transfer, and Use of Private Property.
Section 125.4211 Financing Activities of Authority; Disposition of Money Received by Authority; Municipal Obligations.
Section 125.4212 Ad Valorem Tax; Borrowing in Anticipation of Collection.
Section 125.4213 Revenue Bonds.
Section 125.4213a Borrowing Money; Issuing Revenue Bonds or Notes; Purpose; Costs; Security; Pledge and Lien of Pledge Valid and Binding; Filing or Recordation Not Required; Tax Exemption; Bonds or Notes Neither Liability nor Debt of Municipality; Statement; Investment and Deposit of Bonds and Notes.
Section 125.4213b Insufficient Tax Increment Revenues to Repay Advance or Pay Obligation; Contents, Time, and Payment of Claim; Appropriation and Distribution of Aggregate Amount; Limitations; Distribution Subject to Lien; Obligation as Debt or Liability; Certification of Distribution Amount; Basis for Calculation of Distributions and Claim Reports.
Section 125.4213c 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.
Section 125.4214 Tax Increment Financing Plan; Preparation and Contents; Limitation; Public Hearing; Fiscal and Economic Implications; Recommendations; Agreements; Modification of Plan; Catalyst Development Project.
Section 125.4215 Transmitting and Expending Tax Increments Revenues; Reversion of Surplus Funds; Abolishment of Tax Increment Financing Plan; Conditions.
Section 125.4216 General Obligation Bonds and Tax Increment Bonds; Qualified Refunding Obligation.
Section 125.4217 Development Plan; Preparation; Contents.
Section 125.4218 Ordinance Approving or Amending Development Plan or Tax Increment Financing Plan; Public Hearing; Notice; Record.
Section 125.4219 Development Plan or Tax Increment Financing Plan as Constituting Public Purpose; Determination; Ordinance; Considerations; Amendments; Incorporation of Catalyst Development Project Plan.
Section 125.4220 Notice to Vacate.
Section 125.4221 Development Area Citizens Council; Establishment; Appointment and Qualifications of Members; Representative of Development Area.
Section 125.4222 Development Area Citizens Council; Advisory Body.
Section 125.4223 Consultation.
Section 125.4224 Development Area Citizens Council; Meetings; Notice; Record; Information and Technical Assistance; Failure to Organize, Consult, or Advise.
Section 125.4225 Citizens District Council as Development Area Citizens Council.
Section 125.4226 Notice of Findings and Recommendations.
Section 125.4227 Development Area Citizens Council; Dissolution.
Section 125.4228 Budget; Cost of Handling and Auditing Funds.
Section 125.4228a Exemption.
Section 125.4229 Historic Sites.
Section 125.4230 Dissolution of Authority; Disposition of Property and Assets; Reinstatement of Authority; Contesting Validity of Proceedings, Findings, and Determinations.