PocketLaw | Michigan Compiled Laws | 549 of 2008 - Michigan Promise

549 of 2008 - Michigan Promise Zone Authority Act (390.1661 - 390.1679)

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Section
390.1661

Short Title.

Section
390.1663

Definitions.

Section
390.1664

Promise Zone; Establishment by Governing Body; Resolution; Public Hearing; Application; Review by Department of Treasury; Determination of Eligibility; Certification; Approval of Resolution; Election by Local School District; Establishment of Separate Promise Zone by Local School District; Dissolution.

Section
390.1664a

Ineligible Entity; Revenue Capture From State Education Tax.

Section
390.1665

Promise Zone Authority; Creation; Authority as Public Body Corporate; Powers; Board; Oath; Proceedings and Rules Subject to Open Meetings Act; Removal of Board Member; Writings Subject to the Freedom of Information Act.

Section
390.1667

Promise Zone Development Plan; Provisions; Funding for Out-of-State Postsecondary Institution Prohibited; Submission of Plan or Amendments to Department of Treasury; Failure to Submit Plan Within Certain Time Frame; Review; Approval or Written Notice of Deficiencies; Amendment.

Section
390.1669

Cause of Action Not Created.

Section
390.1671

Director; Powers and Duties; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel; Deposit of Money; Administrative Costs; Limitation; Submission of Audited Financial Statements; Certification of Compliance.

Section
390.1673

Board; Powers.

Section
390.1675

Budget.

Section
390.1677

Capture of State Education Tax; Determination of Base Year; Payments.

Section
390.1679

Department of Treasury; Assumption of Operational Control; Dissolution; Resolution; Use of Remaining Property and Assets.