MCL - Act 123 of 1995
AN ACT to provide for the authorization of municipalities of this state to create an enterprise community development corporation; to facilitate the implementation of strategic plans relating to the designation and treatment of enterprise communities; to stimulate the creation of new jobs for the disadvantaged and long-term unemployed; to promote revitalization of economically distressed areas; to prescribe the powers and duties of enterprise community development corporations; to provide for the creation of neighborhood review panels; and to provide for the condemnation and transfer of public and private property to carry out the purposes of this act.
History: 1995, Act 123, Imd. Eff. June 30, 1995
| Document | Type | Description |
|---|---|---|
| Section 125.2601 | Section | Short title. |
| Section 125.2603 | Section | Legislative findings. |
| Section 125.2605 | Section | Definitions. |
| Section 125.2607 | Section | Enterprise community development corporation; application for incorporation; notice; public hearing; process for approving articles of incorporation and bylaws. |
| Section 125.2609 | Section | Articles of incorporation; filing; validity. |
| Section 125.2611 | Section | Incorporation of more than 1 corporation prohibited. |
| Section 125.2613 | Section | Board of directors; determination of size and composition by ordinance; appointment; removal; qualifications, selection, vacancy, number, and demographic diversity of members; executive committee; neighborhood review panel; employment of executive director and staff. |
| Section 125.2615 | Section | Board of directors; appointment; terms; expiration of term; compensation and expenses. |
| Section 125.2617 | Section | Disclosure of interest in matter before corporation. |
| Section 125.2619 | Section | Board of directors; quorum. |
| Section 125.2621 | Section | Corporation; powers and duties. |
| Section 125.2623 | Section | Corporation; dissolution. |
| Section 125.2625 | Section | Imposition of sanctions; basis; approval. |
| Section 125.2627 | Section | Proceedings under powers of eminent domain; taking and transfer of property; terms and conditions. |
| Section 125.2629 | Section | Construction of act. |
| Section 125.2631 | Section | Authority of act in addition to power of municipality. |