Section 124.27 - Contract; additional provisionsA contract under this act shall provide for the following:
(a) The length of the contract.(b) Specific authorization for the sharing of taxes and any other revenues designated by the local units. The manner and extent to which the taxes and other revenues are shared shall be specifically provided for in the contract.(c) Methods by which a participating local unit may enforce the contract including, but not limited to, return of the transferred area to the local unit from which the area was transferred before the expiration date of the contract.(d) Which local unit has jurisdiction over the transferred area upon the expiration, termination, or nonrenewal of the contract.1984, Act 425, Eff. 3/29/1985.