reglab/housing_qa huggingface dataset:
MI Comp L § 125.2216 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 59 of 1986 - Resort District Rehabilitation Act (125.2201 - 125.2219)|Section 125.2216 - Rehabilitation Plan; Public Hearing; Notice; Opportunity for Interested Persons to Be Heard; Receipt and Consideration of Written Communications; Opinions; Arguments; Documentary Evidence; Record of Hearing.

125.2216 Rehabilitation plan; public hearing; notice; opportunity for interested persons to be heard; receipt and consideration of written communications; opinions; arguments; documentary evidence; record of hearing. Sec. 16.  (1) Before adopting a resolution approving a rehabilitation plan, the township board shall hold a public hearing on the rehabilitation plan. In addition to the notice requirements of the open meetings act, Act No. 267 of the Public Acts of 1976, being sections 15.261 to 15.275 of the Michigan Compiled Laws, notice of the time and place of the hearing shall be given by publication 3 times in a newspaper of general circulation designated by the township, the first of which shall be not less than 20 days before the date set for the hearing. Notice of the hearing shall be posted in at least 20 conspicuous and public places in the resort district not less than 20 days before the hearing.  (2) Notice of the time and place of hearing on a rehabilitation plan shall contain a description of the resort district in relation to highways, streets, streams, or otherwise; a statement that maps, plats, and a description of the rehabilitation plan are available for public inspection at a place designated in the notice; and a statement that all aspects of the rehabilitation plan are open for discussion at the public hearing. The notice may include other information that the township board considers appropriate.  (3) At the time set for the hearing, the township board shall provide an opportunity for interested persons to be heard and shall receive and consider written communications with reference to the testimony. The hearing shall provide the fullest opportunity for expression of opinion, for argument on the merits, and for introduction of documentary evidence pertinent to the rehabilitation plan. The township board shall make and preserve a record of the public hearing, including all data presented at the hearing. History: 1986, Act 59, Imd. Eff. Mar. 26, 1986
MI Comp L § 125.2217 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 59 of 1986 - Resort District Rehabilitation Act (125.2201 - 125.2219)|Section 125.2217 - Rehabilitation Plan as Constituting Public Purpose; Approval or Rejection of Plan; Consideration; Amendments to Plan.

125.2217 Rehabilitation plan as constituting public purpose; approval or rejection of plan; consideration; amendments to plan. Sec. 17.  (1) After a public hearing on the rehabilitation plan as provided in section 16, the township board shall determine whether the rehabilitation plan constitutes a public purpose. If it determines that the rehabilitation plan constitutes a public purpose, the township board, by resolution, shall approve or reject the plan, or approve it with modification, based on all of the following considerations:  (a) The plan meets the requirements set forth in section 15.  (b) The proposed method of financing the rehabilitation is feasible and the authority has the ability to arrange the financing.  (c) The rehabilitation is reasonable and necessary to carry out the purposes of this act.  (d) The rehabilitation plan is in reasonable accord with the master plan of the township.  (2) Amendments to an approved rehabilitation plan shall be submitted by the authority to the township board for approval or rejection. History: 1986, Act 59, Imd. Eff. Mar. 26, 1986
MI Comp L § 125.2218 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 59 of 1986 - Resort District Rehabilitation Act (125.2201 - 125.2219)|Section 125.2218 - Budget; Assessment.

125.2218 Budget; assessment. Sec. 18.  (1) The director of the authority shall prepare and submit for the approval of the board a budget for the operation of the authority for the ensuing fiscal year. Before the budget may be adopted by the board, the budget shall be approved by the township board. Funds of the township shall not be included in the budget of the authority except those funds authorized in this act or by the township board.  (2) If the township does not impose a property tax administration fee as provided in the general property tax act, Act No. 206 of the Public Acts of 1893, being sections 211.1 to 211.157 of the Michigan Compiled Laws, the township board may assess against the funds of the authority an amount equal to the actual cost of collecting those funds, which amount shall not exceed 1% of the amount collected under the ad valorem tax levied under this act. History: 1986, Act 59, Imd. Eff. Mar. 26, 1986
MI Comp L § 125.2219 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 59 of 1986 - Resort District Rehabilitation Act (125.2201 - 125.2219)|Section 125.2219 - Dissolution of Authority; Resolution; Disposition of Property and Assets.

125.2219 Dissolution of authority; resolution; disposition of property and assets. Sec. 19.  An authority which has completed the purposes for which it was organized shall be dissolved by resolution of the township board. The property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the township. History: 1986, Act 59, Imd. Eff. Mar. 26, 1986
MI Comp L § 125.2231 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2231 - Short Title.

125.2231 Short title. Sec. 1.  This act shall be known and may be cited as the "Michigan early stage venture investment act of 2003". History: 2003, Act 296, Imd. Eff. Jan. 8, 2004
MI Comp L § 125.2232 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2232 - Legislative Findings; Declaration.

125.2232 Legislative findings; declaration. Sec. 2.  (1) The legislature finds all of the following:  (a) There exists a need to promote the economic health of this state by assisting in the creation of new jobs, new businesses, and new industries within this state and through the investment in certain businesses that focus on areas including, but not limited to, alternative energy technology, high-technology, and health care.  (b) Investing in businesses that are early stage growth companies and promoting economic growth in the state to assist the state in carrying out its essential governmental functions and as such are essential public purposes.  (c) Investments in certain businesses promote the retention of businesses and jobs that would be likely to leave the state absent the investment, revitalize and diversify the economic base of this state, generate and retain jobs and investment in this state, and help to effectuate legislative and governmental programs to promote economic growth in this state.  (d) Agreements with private corporations such as Michigan early stage venture investment corporations can assist the state by raising capital and investing that capital in venture capital firms with the intent to benefit this state's early stage growth companies thus facilitating economic growth and development and other government programs and supporting essential public purposes.  (2) It is hereby declared that the purposes of this act are as follows:  (a) To promote a healthy economic climate in this state by fostering job creation, retention, and expansion through the promotion of investment in certain businesses.  (b) To allow the state to enter into agreements with Michigan early stage venture investment corporations to promote a healthy economic climate in this state. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004
MI Comp L § 125.2235 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2235 - Incorporation as Nonprofit Corporation.

125.2235 Incorporation as nonprofit corporation.Sec. 5.  (1) A Michigan early stage venture investment corporation is a nonprofit corporation incorporated under the nonprofit corporation act, 1982 PA 162, MCL 450.2101 to 450.3192, that meets the registration requirements of this act.  (2) A Michigan early stage venture investment corporation shall be incorporated as a nonprofit corporation that has received, on or before August 1, 2005, a favorable determination from the internal revenue service that the corporation is exempt from taxation under section 501(c)(3) or 501(c)(4) of the internal revenue code. The department of treasury may allow up to 3, 30-day extensions of the date under this section for purposes of reviewing and approving an application for registration under section 11.  (3) Except as otherwise provided in this act to the contrary, a Michigan early stage venture investment corporation is subject to the laws of this state that are applicable to nonprofit corporations.  (4) A Michigan early stage venture investment corporation is a charitable and benevolent institution, and its funds, income, and property are exempt from taxation by this state or any political subdivision of this state.  (5) A corporation shall not act as a Michigan early stage venture investment corporation except as authorized under this act. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004 ;-- Am. 2005, Act 102, Imd. Eff. July 22, 2005
MI Comp L § 125.2237 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2237 - Articles of Incorporation; Contents.

125.2237 Articles of incorporation; contents.Sec. 7.  The articles of incorporation of a Michigan early stage venture investment corporation shall contain all of the following:  (a) The purposes of the corporation, which shall include, but are not limited to, all of the following:  (i) To operate and act exclusively for charitable purposes with the intent to lessen the financial burdens of the government of this state.  (ii) To receive and administer funds for the charitable purposes under subparagraph (i).  (iii) To raise capital and invest that capital in venture capital firms with the intent of benefiting Michigan's seed or early stage businesses.  (iv) To promote the economic health of this state by assisting in the creation of new jobs, new businesses, and new industries within this state and through the investment in certain businesses.  (v) To enter into an agreement with this state to promote the economic health of this state.  (b) A provision that the Michigan early stage venture investment corporation shall be governed by a board of directors that complies with the requirements in section 13.  (c) A provision that provides that, upon dissolution of the Michigan early stage venture investment corporation, the property remaining after providing for debts and obligations of the Michigan early stage venture investment corporation shall be distributed with the first $140,000,000.00 going to the general fund of this state and any remaining going to the 21st century jobs trust fund established in section 7 of the Michigan trust fund act, 2000 PA 489, MCL 12.257. For purposes of this subdivision, property remaining after providing for debts and obligations does not include grants, appropriations, or other restricted funds that must be distributed as required by the source of those funds. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004 ;-- Am. 2015, Act 192, Imd. Eff. Nov. 16, 2015
MI Comp L § 125.2239 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2239 - Articles of Incorporation; Review and Certification by Attorney General; Exception.

125.2239 Articles of incorporation; review and certification by attorney general; exception.Sec. 9.  (1) Prior to applying for registration as a Michigan early stage venture investment corporation under section 11, a nonprofit corporation shall submit its articles of incorporation and any amendments to those articles of incorporation to the attorney general for review and certification.  (2) The attorney general shall review the information submitted pursuant to subsection (1) and, if that information complies with the requirements of this act, and upon payment of a fee of $100.00, the attorney general shall issue a certificate of compliance to the Michigan early stage venture investment corporation not later than 60 days after the initial receipt of the information.  (3) Notwithstanding subsections (1) and (2), a Michigan early stage venture investment corporation that amends its articles of incorporation for the sole purpose of complying with section 7(c) is not required to submit that amendment to the attorney general for review or certification or to pay the fee otherwise required by subsection (2). The attorney general is not required to review or certify the amendment, and that amendment shall not affect any previous certification by the attorney general of the Michigan early stage venture investment corporation. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004 ;-- Am. 2015, Act 192, Imd. Eff. Nov. 16, 2015
MI Comp L § 125.2245 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2245 - Delegation of Certain Acts; Fund Manager as Fiduciary; Evaluation of Business and Industry for Investment Purposes.

125.2245 Delegation of certain acts; fund manager as fiduciary; evaluation of business and industry for investment purposes.Sec. 15.  (1) Except as otherwise provided in this act, in the nonprofit corporation act, 1982 PA 162, MCL 450.2101 to 450.3192, by law, or in its articles of incorporation, a Michigan early stage venture investment corporation may do or delegate any act consistent with this act and the purposes of the nonprofit corporation, including, but not limited to, the following:  (a) Enter into contracts and all necessary activities in the regular course of business of the Michigan early stage venture investment corporation.  (b) Charge reasonable fees for the implementation of this act and the ongoing operation of the Michigan early stage venture investment corporation.  (c) Perform acts or enter into financial or other transactions necessary to carry out its powers and duties under this act.  (d) Invest in venture capital funds through equity securities.  (e) Employ fund managers and other persons it considers necessary to implement this act.   (2) The fund manager shall exercise the duties of a fiduciary toward the corporation and shall discharge his or her duties with the degree of diligence, care, and skill that an ordinarily prudent person would exercise under the same or similar circumstances in a like position.  (3) Except as otherwise provided in section 19(4), the fund manager shall solicit investors pursuant to section 17.  (4) The Michigan early stage venture investment corporation shall require the fund manager to develop procedures to evaluate types of business and industry for investment purposes and to set priorities as to which businesses are most likely to meet the desired outcomes of the investment plan established under section 19 and which businesses conduct activities that are consistent with the purposes of this act and of the fund. This evaluation shall include, but not be limited to, the location of the firm and the direct and indirect impact of the business on the economic development of this state. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004 ;-- Am. 2005, Act 102, Imd. Eff. July 22, 2005 ;-- Am. 2015, Act 192, Imd. Eff. Nov. 16, 2015
MI Comp L § 125.2251 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2251 - Annual Financial Audit.

125.2251 Annual financial audit.Sec. 21.  The fund manager shall file an annual report with the Michigan early stage venture investment corporation that includes an annual financial audit conducted by an independent auditor and any other financial information and documentation required by the Michigan early stage venture investment corporation to ensure the proper administration and investment of the fund. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004 ;-- Am. 2015, Act 192, Imd. Eff. Nov. 16, 2015
MI Comp L § 125.2255 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2255 - Construction of Act.

125.2255 Construction of act. Sec. 25.  This act shall be construed liberally to effectuate the legislative intent and its purposes. All powers granted shall be cumulative and not exclusive and shall be broadly interpreted to effectuate the intent and purposes and not as a limitation of powers. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004
MI Comp L § 125.2257 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2257 - Annual Report.

125.2257 Annual report.Sec. 27.  (1) The Michigan early stage venture investment corporation shall publish and make available on the Internet an annual report not more than 3 months after the close of the Michigan early stage venture investment corporation's fiscal year that includes all of the following:  (a) An enumeration of all investment and related activities for the fiscal year.  (b) Documentation and analysis of the implementation and status of the Michigan early stage venture investment corporation's investment plan and the economic impact of the plan on this state, including, but not limited to, the following:  (i) The number of jobs represented by the investments made in qualified businesses in this state.  (ii) Return on investment generated by investment, the types of activities in which investment was made, and the impact of that investment on the economic base of this state.  (c) Return through the fiscal year from investments made by each Michigan early stage venture investment fund in venture capital companies.  (d) The number of seed or early stage businesses that have been funded by venture capital companies.  (e) The aggregate net distributions made to each fund by the venture capital companies that have entered into agreements with each Michigan early stage venture investment fund through the end of the fiscal year and since the inception of each Michigan early stage venture investment fund.  (f) The total amount invested by each Michigan early stage venture investment fund in venture capital companies.  (g) Any upcoming use of tax vouchers that is certain and the timing of that use.  (h) An estimate of the potential use of tax vouchers over the 5-year period following the end of the fiscal year.  (2) Each year, the Michigan early stage venture investment corporation shall provide a copy of the annual report described in subsection (1) to the chairpersons of the house and senate appropriations committees upon its publication. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004 ;-- Am. 2015, Act 192, Imd. Eff. Nov. 16, 2015
MI Comp L § 125.2259 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2259 - Actions Required.

125.2259 Actions required. Sec. 29.  Not later than 1 year after the effective date of this act or 10 months after the Michigan early stage venture investment corporation receives a determination from the internal revenue service that it is exempt from taxation under section 501(c)(3) or 501(c)(4) of the internal revenue code, whichever occurs later, all of the following shall occur:  (a) The Michigan early stage venture investment corporation shall be established and the board appointed.  (b) A fund manager shall be hired by the Michigan early stage venture investment corporation.  (c) An investment plan shall be established.  (d) Funds shall have been solicited and available for investment consistent with the investment plan. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004
MI Comp L § 125.2261 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2261 - Expiration of Fund.

125.2261 Expiration of fund.Sec. 31.  The fund created in section 19 shall expire on January 1, 2030. Any money in the fund, subject to all outstanding debts and obligation of the Michigan early stage venture investment corporation being defeased and satisfied, shall be distributed with the first $140,000,000.00 going to the general fund of this state and any remaining going to the 21st century jobs trust fund established in section 7 of the Michigan trust fund act, 2000 PA 489, MCL 12.257. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004 ;-- Am. 2015, Act 193, Imd. Eff. Nov. 16, 2015
MI Comp L § 125.2263 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 296 of 2003 - Michigan Early Stage Venture Investment Act of 2003 (125.2231 - 125.2263)|Section 125.2263 - Conditional Effective Date.

125.2263 Conditional effective date. Sec. 33.  This act does not take effect unless all of the following bills of the 92nd Legislature are enacted into law:  (a) Senate Bill No. 835.  (b) House Bill No. 5322. History: 2003, Act 296, Imd. Eff. Jan. 8, 2004
MI Comp L § 125.2301 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 96 of 1987 - The Mobile Home Commission Act (125.2301 - 125.2350)|Section 125.2301 - Short Title.

125.2301 Short title. Sec. 1.  This act shall be known and may be cited as "the mobile home commission act". History: 1987, Act 96, Imd. Eff. July 6, 1987 Compiler's Notes: For transfer of powers and duties of the mobile home commission from the department of commerce to the director of the department of consumer and industry services, see E.R.O. No. 1996-2, compiled at MCL 445.2001 of the Michigan Compiled Laws.