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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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57-2018-8 Part 8 Neighborhood Improvement Autho...
57-2018-8 Part 8 Neighborhood Improvement Authorities (125.4802...125.4821)
Section 125.4802 Definitions; a to M.
Section 125.4803 Definitions; O to T.
Section 125.4804 Multiple Authorities; Establishment; Authority as Public Body Corporate.
Section 125.4805 Operation of Authority; Resolution of Intent; Public Hearing; Notice; Adoption of Ordinance Establishing Authority; Filing; Alteration or Amendment of Boundaries; Exclusions; Duration.
Section 125.4806 Annexation or Consolidation With Another Municipality.
Section 125.4807 Board; Chief Executive Officer; Membership; Appointment; Terms; Vacancy; Oath; Open Meetings; Removal of Member; Financial Records; Writings Subject to Freedom of Information Act.
Section 125.4808 Director; Compensation; Service; Eligibility; Oath; Posting of Bond; Director as Chief Executive Officer; Duties of Director; Acting Director; Treasurer; Secretary; Retention of Legal Counsel; Other Personnel.
Section 125.4809 Municipal Retirement and Insurance Programs; Participation.
Section 125.4810 Powers of Board.
Section 125.4811 Financing Sources; Disposition of Money Received.
Section 125.4812 Borrowing Money and Issuing Negotiable Revenue Bonds.
Section 125.4813 Acquisition or Construction of Property; Borrowing Money and Issuing Revenue Bonds; Other Financing; Securing Bonds and Notes; Pledge; Exemption From Taxation; Exceptions; Liability; Investments.
Section 125.4814 Tax Increment Financing Plan; Preparation and Submission; Contents; Hearing and Approval Procedure; Agreement With Taxing Jurisdiction; Modification; Exemption From Tax; Separate Millage for Public Library Purposes; Resolution.
Section 125.4815 Tax Increment Revenues; Transmission to Authority; Expenditures.
Section 125.4816 Authorization, Issuance, and Sale of Tax Increment Bonds; Limitations; Pledge; Resolution to Create Lien on Revenues; Limited Tax Pledge.
Section 125.4817 Development Plan; Contents.
Section 125.4818 Development Plan; Public Hearing; Notice; Opportunity to Speak and Provide Written Comment.
Section 125.4819 Development Plan or Tax Increment Financing Plan as Public Purpose; Consideration for Approval, Rejection, or Modification.
Section 125.4820 Budget; Submission; Approval; Cost of Handling and Auditing Funds.
Section 125.4821 Dissolution of Authority; Property and Assets.