reglab/housing_qa huggingface dataset:
MI Comp L § 125.1237 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 46 of 1966 - County or Regional Economic Development Commission (125.1231 - 125.1237)|Section 125.1237 - Applications for State or Federal Grants; Acceptance, Expenditures.

125.1237 Applications for state or federal grants; acceptance, expenditures. Sec. 7.  Upon the request of the governing body of any city, village or township located within the county or region, the commission may apply for and accept grants from the state or the federal government for assistance for the local units of government, which includes but is not limited to surveys, land use studies, urban renewal plans and technical services. County costs shall be reimbursed to the county or counties by the local units of government. The commission may accept and expend grants from the state and the federal government and other public or private sources, contract with reference thereto, and enter into other contracts and exercise all other powers necessary to carry out the purpose of this act.  History: 1966, Act 46, Imd. Eff. June 2, 1966
MI Comp L § 125.1251 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1251 - Legislative Determination; Short Title.

125.1251 Legislative determination; short title. Sec. 1.  (1) It is determined that there exists in this state the continuing need for programs to alleviate and prevent conditions of unemployment, to assist and retain local industries, including employee-owned corporations, to meet growing competition for new industries, and to strengthen and revitalize the economy in general. It is further determined that in order to achieve these purposes, industries, including employee-owned corporations, need flexible forms of financing, including the ability to refund outstanding bonds in advance of redemption or maturity. It is further determined that the authority and powers conferred by this act constitute such a necessary program and serve a valid public purpose.  (2) This act shall be known and may be cited as the "industrial development revenue bond act of 1963". History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966 ;-- Am. 1978, Act 229, Imd. Eff. June 14, 1978 ;-- Am. 1985, Act 153, Imd. Eff. Nov. 12, 1985
MI Comp L § 125.1253 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1253 - Powers of Municipality Generally.

125.1253 Powers of municipality generally.  Sec. 3.  A municipality may:  (a) Construct, acquire by gift or purchase, reconstruct, improve, maintain or repair industrial buildings within or without the municipality, acquire sites for those activities and enlarge or remodel industrial buildings.  (b) Acquire by gift or purchase industrial machinery and equipment, but only in conjunction with a project whereby the municipality will construct, acquire by gift or purchase, reconstruct, improve or remodel the industrial building in or near which the industrial machinery or equipment will be located.  (c) Issue revenue bonds to finance the costs of the acquisition, purchase, construction, reconstruction or remodeling of industrial buildings, the acquisition and improvement of sites, the acquisition of industrial machinery and equipment, and the refunding of bonds issued pursuant to this act.  (d) Enter into lease or lease purchase agreements with any person, firm or corporation for the use of the industrial building, the site therefor and industrial machinery and equipment. The agreement shall provide that the rents to be charged for the use shall be fixed and revised from time to time so as to produce income and revenues sufficient to pay promptly when due the interest upon and the principal of all bonds issued payable therefrom after provision has been made for the payment of operation and maintenance costs. Whenever such agreement shall relate to industrial machinery or equipment, it shall specify that the machinery or equipment shall remain in or near the industrial building until provision has been made for the retirement in full of all bonds issued therefor unless the industrial machinery and equipment is replaced without cost to the municipality with similar machinery and equipment of equivalent value and utility.  (e) Mortgage the industrial building, the site, and any industrial machinery and equipment in favor of the holders of the bonds issued therefor.  (f) Sell and convey the industrial building, the site, and any industrial machinery and equipment, including without limitation the sale and conveyance thereof subject to a mortgage, for a price and at a time which the governing body may determine, but a sale or conveyance shall not be made in a manner that would impair the rights or interests of the holders of bonds issued payable from the rentals of the building, site, machinery or equipment. History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966 ;-- Am. 1972, Act 75, Imd. Eff. Mar. 9, 1972 ;-- Am. 1978, Act 229, Imd. Eff. June 14, 1978
MI Comp L § 125.1256 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1256 - Redemption of Bonds.

125.1256 Redemption of bonds. Sec. 6.  The bonds may provide that they may be called for redemption prior to the maturity date, on interest payment dates not earlier than 1 year from the date of issuance of the bonds, at a price and under conditions fixed by the governing body before issuing the bonds. History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966
MI Comp L § 125.1257 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1257 - Default; Receiver.

125.1257 Default; receiver. Sec. 7.  If there is any default in the payment of principal of or interest on any bond issued hereunder, any circuit court having jurisdiction of the action may appoint a receiver to administer the industrial building and site and any industrial machinery and equipment on behalf of the municipality, with power to charge and collect rents sufficient to provide for the payment of any bonds outstanding, and for the payment of operating expenses and to apply the income and revenue in conformity with this act and the resolution made hereunder. History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966
MI Comp L § 125.1258 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1258 - Repealed. 1966, Act 340, Imd. Eff. Sept. 21, 1966.

125.1258 Repealed. 1966, Act 340, Imd. Eff. Sept. 21, 1966. Compiler's Notes: The repealed section pertained to industrial development, providing for transfer of surplus from operating and maintenance funds to depreciation account to be used for improvements or additions to building.
MI Comp L § 125.1259 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1259 - Additional Bonds; Refunding Bonds.

125.1259 Additional bonds; refunding bonds. Sec. 9.  (1) If the governing body finds that the bonds originally authorized will be insufficient to accomplish the purpose desired, additional bonds, only in the amount necessary to complete the project as originally approved, may be authorized and issued in the same manner as the original bonds. Additional bonds may be issued to defray the cost of 1 or more of the following:  (a) An item of cost contained in section 10.  (b) Interest that has accrued, may accrue, or has been paid during the construction period of the project and for 6 months after the construction period on money borrowed or that is estimated to be borrowed pursuant to this act.  (c) Interest on previously issued bonds.  (2) At the time of issuing additional bonds, the governing body may provide that the additional bonds for additions, extensions, and permanent improvements, be placed in escrow and negotiated from time to time as the proceeds for those purposes are necessary. When negotiated, bonds placed in escrow shall have equal standing with bonds of the same issue.  (3) The municipality may issue bonds at any time to refund, in whole or in part, outstanding bonds issued pursuant to this act, including the payment of interest accrued, or to accrue, to the earliest or any subsequent date of redemption, purchase, or maturity of the bonds, redemption premium, if any, and any commission, service fees, and other expenses necessary to be paid in connection therewith, whether the bonds to be refunded have matured or are redeemable or shall thereafter mature or become redeemable. If considered advisable by the municipality, the municipality may issue bonds partly to refund outstanding bonds and partly for any other purpose contemplated by this act. Bonds issued to refund outstanding bonds may be issued in a principal amount greater than, the same as, or lesser than the principal amount of the bonds to be refunded, and may bear interest rates that are higher than, the same as, or lower than the interest rates of the bonds to be refunded. The interest rates, however, shall not exceed the maximum rate of interest permitted by the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.  (4) The principal, interest, and redemption premiums, if any, on bonds issued by a municipality pursuant to this section to refund outstanding bonds shall be payable from 1 or more of the following:  (a) The net revenues derived from the facilities constructed, acquired, reconstructed, remodeled, or repaired with the proceeds of the bonds to be refunded.  (b) The proceeds of the refunding bonds.  (c) Investment earnings on the proceeds of the refunding bonds. History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966 ;-- Am. 1978, Act 229, Imd. Eff. June 14, 1978 ;-- Am. 1980, Act 90, Imd. Eff. Apr. 16, 1980 ;-- Am. 2002, Act 297, Imd. Eff. May 9, 2002
MI Comp L § 125.1260 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1260 - Cost of Project.

125.1260 Cost of project. Sec. 10.  In determining the cost of the project, the governing body may include all cost and estimated cost of the issuance of the bonds, all engineering, inspection, fiscal and legal expenses and interest which it is estimated will accrue during the construction period and for 6 months thereafter on money borrowed or which it is estimated will be borrowed pursuant to this act. History: 1963, Act 62, Imd. Eff. May 8, 1963
MI Comp L § 125.1261 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1261 - Taxation of Lessee; Liens; Recovery.

125.1261 Taxation of lessee; liens; recovery.  Sec. 11.  When any real or personal property acquired pursuant to this act is leased to a private person, firm or corporation, the lessee shall be subject to taxation in the same amount and to the same extent as though the lessee were the owner of the property. Taxes shall be assessed to the lessee of the real or personal property and collected in the same manner as taxes assessed to owners of real or personal property, except that the taxes shall not become a lien against the property. When due, the taxes shall constitute a debt due from the lessee to the taxing unit and shall be recoverable by direct action of assumpsit. History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966
MI Comp L § 125.1262 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1262 - Referendum; Intention to Issue Bonds.

125.1262 Referendum; intention to issue bonds. Sec. 12.  The governing body may issue bonds pursuant to this act without submitting the proposition to the electors of the municipality for approval unless within 45 days from the publication of a notice of intention to issue the bonds, which notice shall set forth the amount of the issue and the name of the person, firm or corporation who will lease the industrial building, the site therefor and the industrial machinery and equipment, a petition, signed by not less than 5% of the registered electors of the municipality is filed with the clerk of the municipality requesting a referendum upon the question of the issuance of the bonds, in which event the bonds shall not be issued until approved by a majority of the electors of the municipality voting thereon at a general or special election. The provisions of subdivision (g) of section 5 of Act No. 279 of the Public Acts of 1909, as amended, being section 117.5 of the Compiled Laws of 1948, relative to notice of intention to issue bonds, shall not apply to the authorization of the issuance of any bonds under this act. History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966 ;-- Am. 1967, Act 48, Imd. Eff. June 14, 1967
MI Comp L § 125.1262a (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1262a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.

125.1262a Violation of MCL 168.1 to 168.992 applicable to petitions; penalties. Sec. 12a.  A petition under section 12, including the circulation and signing of the petition, is subject to section 488 of the Michigan election law, 1954 PA 116, MCL 168.488. A person who violates a provision of the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992, applicable to a petition described in this section is subject to the penalties prescribed for that violation in the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992. History: Add. 1998, Act 164, Eff. Mar. 23, 1999
MI Comp L § 125.1264 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1264 - Sale of Bonds.

125.1264 Sale of bonds. Sec. 14.  Bonds issued under this act may be sold at private or public sale upon such terms as may be fixed by the governing body. Said bonds may be sold at a discount of not exceeding 10%: Provided, however, That said bonds shall not be sold at a price which would make the interest cost on the money borrowed after deducting any premium or adding any discount, exceed the maximum rate of interest permitted by Act No. 202 of the Public Acts of 1943, as amended, being sections 131.1 to 138.2 of the Michigan Compiled Laws. History: Add. 1966, Act 340, Imd. Eff. Sept. 21, 1966 ;-- Am. 1967, Act 48, Imd. Eff. June 14, 1967 ;-- Am. 1973, Act 172, Imd. Eff. Dec. 21, 1973
MI Comp L § 125.1265 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1265 - Municipalities; Powers as to Industrial Buildings and Machinery.

125.1265 Municipalities; powers as to industrial buildings and machinery. Sec. 15.  Nothing herein contained shall be interpreted to grant to any municipality the authority to operate an industrial building or any industrial machinery or equipment for its own use. The prohibition of this section shall not prevent a municipality from conserving and maintaining an industrial building and site and any industrial machinery and equipment acquired hereunder pending lease thereof to a private person, firm or corporation. History: Add. 1966, Act 340, Imd. Eff. Sept. 21, 1966
MI Comp L § 125.1266 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1266 - Construction of Act; Cumulative Powers.

125.1266 Construction of act; cumulative powers. Sec. 16.  This act shall be construed as granting cumulative authority for the exercise of the various powers herein conferred, and neither said powers nor any bonds issued hereunder shall be affected or limited by any other statutory or charter provision now or hereafter in force, other than as may be provided herein, it being the purpose and intention of this act to create full, separate and complete additional powers. The various powers conferred herein may be exercised independently and notwithstanding that no bonds are issued hereunder. History: Add. 1966, Act 340, Imd. Eff. Sept. 21, 1966
MI Comp L § 125.1267 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)|Section 125.1267 - Liberal Construction of Act.

125.1267 Liberal construction of act. Sec. 17.  This act, being necessary for and to secure the public health, safety, convenience and welfare of the municipalities of the state of Michigan, shall be liberally construed to effect the public purposes hereof. History: Add. 1966, Act 340, Imd. Eff. Sept. 21, 1966
MI Comp L § 125.1281 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 122 of 1965 - Federal Funds (125.1281 - 125.1281)|Section 125.1281 - Acceptance and Expenditure of Federal Funds; Matching Funds.

125.1281 Acceptance and expenditure of federal funds; matching funds. Sec. 1.  A county, city, village or township may take any necessary action consistent with state law to comply with the provisions of Public Law 415 of the 87th Congress, known as the "manpower development and training act of 1962", as amended, and Public Law 452 of the 88th Congress, known as the "economic opportunity act of 1964", as amended, and may accept and expend federal funds available under, and provide matching funds, facilities and services to the extent required by, such laws.  History: 1965, Act 122, Imd. Eff. July 8, 1965
MI Comp L § 125.1291 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 153 of 2010 - Federal Bond Limitations (125.1291 - 125.1295)|Section 125.1291 - Allocation and Reallocation of Federal Law Bond Limitation.

125.1291 Allocation and reallocation of federal law bond limitation.Sec. 1.  Unless prohibited by applicable federal law, the state treasurer shall allocate and reallocate any federal law bond limitation allocated, reallocated, or waived to the state of Michigan for any of the following in accordance with the federal law establishing the bond limitation:  (a) Qualified school construction bonds.  (b) Recovery zone economic development bonds.  (c) Recovery zone facility bonds.  (d) Qualified energy conservation bonds. History: 2010, Act 153, Imd. Eff. Aug. 23, 2010
MI Comp L § 125.1293 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 153 of 2010 - Federal Bond Limitations (125.1291 - 125.1295)|Section 125.1293 - Priority to Certain Projects.

125.1293 Priority to certain projects.Sec. 3.  In determining any allocation or reallocation under this act, the state treasurer shall, to the extent practicable, give priority to projects within a region in which an original allocation existed or a remaining allocation exists and which reflect a consensus or preference among entities to which original allocations were provided. However, an entity to which an allocation or reallocation is provided shall not issue bonds related to an allocation or reallocation for a project that benefits a person who has been convicted of a felony if the conviction will have a material impact on the ability of the person to participate in the project. History: 2010, Act 153, Imd. Eff. Aug. 23, 2010
MI Comp L § 125.1294 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 153 of 2010 - Federal Bond Limitations (125.1291 - 125.1295)|Section 125.1294 - Ratification and Confirmation of Certain Bond Limitations Made Prior to Effective Date of Act.

125.1294 Ratification and confirmation of certain bond limitations made prior to effective date of act.Sec. 4.  Any allocation or reallocation of bond limitation for qualified school construction bonds, recovery zone economic development bonds, recovery zone facility bonds, or qualified energy conservation bonds made by the Michigan department of education, the Michigan department of energy, labor, and economic growth, or the state treasurer prior to the effective date of this act is hereby ratified and confirmed. History: 2010, Act 153, Imd. Eff. Aug. 23, 2010
MI Comp L § 125.1295 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 153 of 2010 - Federal Bond Limitations (125.1291 - 125.1295)|Section 125.1295 - "Municipality or Other Entity" Defined.

125.1295 "Municipality or other entity" defined.Sec. 5.  As used in this act, "municipality or other entity" means a county, city, school district, or other entity that has received a federal bond limitation allocation. History: 2010, Act 153, Imd. Eff. Aug. 23, 2010
MI Comp L § 125.1353 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 1 of 1966 - Utilization of Public Facilities by Physically Limited (125.1351 - 125.1356)|Section 125.1353 - Administration and Enforcement of Act.

125.1353 Administration and enforcement of act. Sec. 3.  (1) The administration and enforcement of this act in respect to all public facilities owned or leased by the state, except for school buildings or facilities other than facilities at institutions of higher education as defined in section 4, article 8 of the state constitution of 1963, are vested in the department of management and budget.   (2) The administration and enforcement of this act in respect to school buildings as defined in section 1a of Act No. 306 of the Public Acts of 1937, as amended, being section 388.851a of the Michigan Compiled Laws, are vested in the department of education.   (3) The administration and enforcement of this act in respect to public facilities for which the administration and enforcement is not provided for in subsection (1) or (2), are vested in the local or state unit of government responsible for issuing a building permit, and if a permit is not required, in the department of labor.   (4) The administration and enforcement of this act in respect to facilities used by the public are vested in the building and inspection departments or agencies of local administrative authority with the responsibility and duty of issuing building permits. History: 1966, Act 1, Eff. July 1, 1966 ;-- Am. 1970, Act 243, Eff. July 1, 1971 ;-- Am. 1974, Act 190, Imd. Eff. July 2, 1974 ;-- Am. 1975, Act 177, Imd. Eff. July 20, 1975
MI Comp L § 125.1354 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 1 of 1966 - Utilization of Public Facilities by Physically Limited (125.1351 - 125.1356)|Section 125.1354 - Rules.

125.1354 Rules. Sec. 4.  The barrier free design board shall promulgate rules pursuant to Act No. 306 of the Public Acts of 1969, as amended, being sections 24.201 to 24.315 of the Michigan Compiled Laws, to implement this act. History: 1966, Act 1, Eff. July 1, 1966 ;-- Am. 1970, Act 243, Eff. July 1, 1971 ;-- Am. 1974, Act 190, Imd. Eff. July 2, 1974 ;-- Am. 1975, Act 177, Imd. Eff. July 20, 1975 Admin Rule: R 18.301 et seq. and R 125.1001 et seq. of the Michigan Administrative Code.