MCL - 57-2018-8
Act 57 of 2018
NEIGHBORHOOD IMPROVEMENT AUTHORITIES
| Document | Type | Description |
|---|---|---|
| Section 125.4802 | Section | Definitions; A to M. |
| Section 125.4803 | Section | Definitions; O to T. |
| Section 125.4804 | Section | Multiple authorities; establishment; authority as public body corporate. |
| Section 125.4805 | Section | Operation of authority; resolution of intent; public hearing; notice; adoption of ordinance establishing authority; filing; alteration or amendment of boundaries; exclusions; duration. |
| Section 125.4806 | Section | Annexation or consolidation with another municipality. |
| Section 125.4807 | Section | Board; chief executive officer; membership; appointment; terms; vacancy; oath; open meetings; removal of member; financial records; writings subject to freedom of information act. |
| Section 125.4808 | Section | Director; compensation; service; eligibility; oath; posting of bond; director as chief executive officer; duties of director; acting director; treasurer; secretary; retention of legal counsel; other personnel. |
| Section 125.4809 | Section | Municipal retirement and insurance programs; participation. |
| Section 125.4810 | Section | Powers of board. |
| Section 125.4811 | Section | Financing sources; disposition of money received. |
| Section 125.4812 | Section | Borrowing money and issuing negotiable revenue bonds. |
| Section 125.4813 | Section | Acquisition or construction of property; borrowing money and issuing revenue bonds; other financing; securing bonds and notes; pledge; exemption from taxation; exceptions; liability; investments. |
| Section 125.4814 | Section | Tax increment financing plan; preparation and submission; contents; hearing and approval procedure; agreement with taxing jurisdiction; modification; exemption from tax; separate millage for public library purposes; resolution. |
| Section 125.4815 | Section | Tax increment revenues; transmission to authority; expenditures. |
| Section 125.4816 | Section | Authorization, issuance, and sale of tax increment bonds; limitations; pledge; resolution to create lien on revenues; limited tax pledge. |
| Section 125.4817 | Section | Development plan; contents. |
| Section 125.4818 | Section | Development plan; public hearing; notice; opportunity to speak and provide written comment. |
| Section 125.4819 | Section | Development plan or tax increment financing plan as public purpose; consideration for approval, rejection, or modification. |
| Section 125.4820 | Section | Budget; submission; approval; cost of handling and auditing funds. |
| Section 125.4821 | Section | Dissolution of authority; property and assets. |