MCL - Act 275 of 2010


Act 275 of 2010

AN ACT to encourage the creation of next Michigan development corporations by interlocal agreement and to prescribe their powers and duties; to foster economic opportunities in this state and prevent conditions of unemployment and underemployment and to promote economic growth; to provide for the designation of next Michigan development districts and next Michigan development businesses; and to prescribe the powers and duties of certain state and local departments, entities, and officials.

History: 2010, Act 275, Imd. Eff. Dec. 15, 2010

The People of the State of Michigan enact:
Document Type Description
Section 125.2951 Section Short title.
Section 125.2952 Section Legislative findings; declaration.
Section 125.2953 Section Definitions.
Section 125.2954 Section Next Michigan development corporation; designation; eligibility; composition of territory; parties to interlocal agreement; application; preference.
Section 125.2955 Section Next Michigan development corporation; designation by board of Michigan strategic fund; limitation on number designated; development of application form and process; criteria; grant or denial of designation within certain time period; limitation.
Section 125.2956 Section Next Michigan development corporation; powers, duties, and responsibilities.
Section 125.2957 Section Business conducted at public meetings; public record; confidentiality; "financial or proprietary information" defined.
Section 125.2958 Section Dissolution or termination; validity of incentives previously granted.
Section 125.2959 Section Construction and interpretation of act.