PocketLaw | Michigan Compiled Laws | Part 8 Neighborhood Improvement

Part 8 Neighborhood Improvement Authorities (125.4802...125.4821)

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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.