BROWNFIELD REDEVELOPMENT FINANCING ACT
- Section 125.2651 - Short title
- Section 125.2652 - Definitions
- Section 125.2653 - Brownfield redevelopment authority; establishment; exercise of powers; alteration or amendment of boundaries; authority as public body corporate; written agreement with county
- Section 125.2654 - Resolution by governing body; adoption; notice; public hearing; proceedings establishing authority; presumption of validity; exercise of powers as essential governmental function
- Section 125.2655 - Designation of board by governing body; membership; trustees; applicability of subsection (2); election of chairperson, vice-chairperson, and other officers; oath; procedural rules; meetings; special meetings; removal of member; records open to public; quorum
- Section 125.2656 - Appointment or employment of director, treasurer, secretary, personnel, and consultants; assistance provided by municipality; retirement and insurance programs
- Section 125.2657 - Powers of authority; determining captured taxable value; transfer of municipality funds to authority
- Section 125.2658 - Local brownfield revolving fund
- Section 125.2658a - State brownfield redevelopment fund
- Section 125.2659 - Authority as instrumentality of political subdivision
- Section 125.2660 - Taking, transfer, and use of private property
- Section 125.2661 - Financing sources of authority activities
- Section 125.2662 - Bonds and notes of authority
- Section 125.2663 - Brownfield plan; provisions
- Section 125.2663a - Cost recovery action
- Section 125.2663b - Use of taxes captured from eligible property
- Section 125.2663c - Transformational brownfield plan
- Section 125.2664 - Brownfield plan; approval; public hearing; record; notice; public purpose; determination; amendments to plan; validity of procedure, notice, and findings; presumption; abolishment or termination of plan
- Section 125.2664a - Transformational brownfield plan; approval and review by governing body and Michigan strategic fund; use of funds
- Section 125.2665 - Work plan; documents to be submitted for approval; conditions for approval; written response; time limitations; department specific activities; review by department; approval or denial of work plan as final decision; appeal; approval by Michigan strategic fund or Michigan state housing development authority; duties; criteria; failure to provide written response; final approval; report; distribution of remaining funds; extension of review period; approval of combined brownfield plan
- Section 125.2665a - Retention and payment of taxes levied under state education tax act; conditions; use; application for approval by authority; information to be included; approval, modification, or denial of application by department of treasury; appropriation and distribution of amount; aggregate amount; lien; obligations; copy of application; calculations; legislative intent; definitions
- Section 125.2665b - Reimbursement to intermediate school districts
- Section 125.2666 - Tax increment revenues; transmission to authority; expenditure; reversion of surplus funds; financial status report; collection and compilation of financial reports by department, Michigan strategic fund, and Michigan state housing development authority; reporting obligations; performance postaudit report by auditor general; report by owner or developer for active project within brownfield plan; requirements applicable to transformational brownfield plan
- Section 125.2667 - Authorization, issuance, and sale of tax increment bonds and notes
- Section 125.2668 - Operating budget
- Section 125.2669 - Dissolution of authority; distribution of tax revenues and interest
- Section 125.2670 - Enforcement proceedings
- Section 125.2671 - [Repealed]
- Section 125.2672 - [Repealed]