PocketLaw | Michigan Compiled Laws | 86 of 2014 - Local Community

86 of 2014 - Local Community Stabilization Authority Act (123.1341 - 123.1362)

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Section
123.1341

Short Title.

Section
123.1343

Legislative Findings; Declarations; Purpose of Act.

Section
123.1345

Definitions.

Section
123.1347

Local Community Stabilization Authority; Establishment; Public Body Corporate and Special Authority; Property of Authority as Public Property; Exemption From Taxes and Special Assessments; Presumption of Validity; Jurisdiction.

Section
123.1349

Authority Council; Establishment as Governing Body; Membership; Appointment; Terms; Vacancy; Chairperson; Oath of Office; Compensation; Reimbursement for Travel and Expenses; Discharge of Duties; Meeting; Election of Officers; Conduct of Business at Public Meeting; Special Meeting; Availability of Records to Public; System of Accounts; Annual Audit; Budget; Procurement Policy; Members as Public Servants; Ethics Manual; Conflict of Interest; Removal From Office.

Section
123.1351

Powers, Duties, Functions, and Responsibilities of Authority.

Section
123.1352

Local Community Stabilization Share; Power of Authority to Levy; Limitation; Receipt and Collection by Department; Generated Money as Money of Authority.

Section
123.1353

Report by City and Township Assessor to County Equalization Director; Report by County Equalization Director to Department; Compilation of Municipality's Information; Calculation of Millage Rate and Debt Loss or School Debt Loss; Report of Increased Value From Expired Tax Exemptions; Exclusion of Enhancement Millage; Report of Millage for Essential Services.

Section
123.1354

Municipality Not Local School District, Intermediate School District, or Tax Increment Finance Authority; Municipality That Is County, Township, Village, City, or Authority Providing Essential Services; Duties of Department.

Section
123.1355

Municipality That Is Local School District; Duties of Department.

Section
123.1356

Municipality That Is Intermediate School District; Duties of Department.

Section
123.1356a

Municipality That Is Tax Increment Finance Authority; Calculation of Municipality's Tax Increment Small Taxpayer Loss; Duties of Municipality; Report.

Section
123.1356b

Calculation by Municipality That Is Tax Increment Finance Authority; Form and Manner; Extension of Calculation and Reporting Date; Exclusion.

Section
123.1357

Appropriation of Funds; Purposes; Distribution to Municipalities; Distribution of Local Community Stabilization Share Revenue; Priority; Payments, Overpayments, and Underpayments; Insufficient Funds; Use of Revenue; Distribution; Amounts.

Section
123.1358

Distributions; Determination by Department; Submission of Information by Municipality; Availability; Municipality Review and Reporting.

Section
123.1359

Bonds or Other Obligations; Issuance.

Section
123.1360

Repealed. 2016, Act 124, Eff. May 19, 2016.

Section
123.1361

Debt Payment.

Section
123.1362

Construction of Act.