MCL - Act 250 of 1941
AN ACT to provide for the creation of urban redevelopment corporations for the purpose of clearing, replanning, rehabilitating, modernizing, beautifying, and reconstructing substandard and insanitary areas; to provide for the powers and duties of urban redevelopment corporations and certain local units of government; to grant limited tax exemptions and powers of condemnation; and to provide for certain regulations and control by public agencies.
History: 1941, Act 250, Imd. Eff. June 16, 1941
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Am. 1945, Act 102, Eff. Sept. 6, 1945
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Am. 1968, Act 325, Imd. Eff. July 3, 1968
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Am. 1992, Act 138, Imd. Eff. July 15, 1992
| Document | Type | Description |
|---|---|---|
| Section 125.901 | Section | Urban redevelopment corporations law; short title; applicability to townships. |
| Section 125.902 | Section | Legislative findings; policy of state; purpose of act. |
| Section 125.903 | Section | Urban redevelopment corporations law; definitions. |
| Section 125.904 | Section | Development plans; contents; approval; requirements; amendments; fees. |
| Section 125.905 | Section | Supervising agency; appointment. |
| Section 125.906 | Section | Redevelopment corporation; organization; articles; forfeiture of rights; name. |
| Section 125.907 | Section | Limitations imposed upon redevelopment corporations; limitations. |
| Section 125.908 | Section | Corporation code; application to redevelopment corporations. |
| Section 125.909 | Section | Consideration for issuance of stock, bond or debentures. |
| Section 125.910 | Section | Determination of development cost; procedure. |
| Section 125.911 | Section | Regulation of corporation by supervising agency. |
| Section 125.912 | Section | Exemption from increase in assessed value; limitations; development plan; “qualified entity” defined. |
| Section 125.912a | Section | Redevelopment corporation; powers and authority. |
| Section 125.912b | Section | Redevelopment corporation; funds, grants, agreements. |
| Section 125.913 | Section | Return on income debentures and stock; limitations. |
| Section 125.914 | Section | Proceedings against redevelopment corporations; parties. |
| Section 125.915 | Section | Real estate; transfer to redevelopment corporations. |
| Section 125.916 | Section | Acquisition of real estate; methods; condemnation. |
| Section 125.917 | Section | Condemnation; proceedings; damages; compensation. |
| Section 125.917a | Section | Condemnation, law applicable. |
| Section 125.918 | Section | Leasing of property of corporation; termination of tenancy. |
| Section 125.919 | Section | Mortgages of corporation; provisions governing. |
| Section 125.920 | Section | Sale or lease of real estate by a city to corporation. |
| Section 125.921 | Section | Provisions of lease. |
| Section 125.922 | Section | Construction of act. |