MCL - Act 275 of 2010
NEXT MICHIGAN DEVELOPMENT ACT
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. |