reglab/housing_qa huggingface dataset:
MI Comp L § 125.4315 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4315 - Tax Increment Bonds; Qualified Refunding Obligation.

125.4315 Tax increment bonds; qualified refunding obligation.Sec. 315.  (1) By resolution of its board, the authority may authorize, issue, and sell its tax increment bonds, subject to the limitations set forth in this section, to finance a development program. The bonds are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. The bonds issued under this section shall be considered a single series for the purposes of the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.  (2) The municipality by majority vote of the members of its governing body may pledge its full faith and credit for the payment of the principal of and interest on the authority's tax increment bonds. The municipality may pledge as additional security for the bonds any money received by the authority or the municipality pursuant to section 311.  (3) Notwithstanding any other provision of this part, if the state treasurer determines that an authority or municipality can issue a qualified refunding obligation and the authority or municipality does not make a good-faith effort to issue the qualified refunding obligation as determined by the state treasurer, the state treasurer may reduce the amount claimed by the authority or municipality under section 312a by an amount equal to the net present value saving that would have been realized had the authority or municipality refunded the obligation or the state treasurer may require a reduction in the capture of tax increment revenues from taxes levied by a local or intermediate school district or this state by an amount equal to the net present value savings that would have been realized had the authority or municipality refunded the obligation. This subsection does not authorize the state treasurer to require the authority or municipality to pledge security greater than the security pledged for the obligation being refunded. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4317 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4317 - Public Hearing on Development Plan; Publication, Mailing, and Contents of Notice; Presentation of Data; Record.

125.4317 Public hearing on development plan; publication, mailing, and contents of notice; presentation of data; record.Sec. 317.  (1) The governing body, before adoption of a resolution approving or amending a development plan or approving or amending a tax increment financing plan, shall hold a public hearing on the development plan. Notice of the time and place of the hearing shall be given by publication twice in a newspaper of general circulation designated by the municipality, the first of which shall not be less than 20 days before the date set for the hearing. Notice shall also be mailed to all property taxpayers of record in the development area not less than 20 days before the hearing. Beginning June 1, 2005, the notice of hearing within the time frame described in this subsection shall be mailed by certified mail to the governing body of each taxing jurisdiction levying taxes that would be subject to capture if the development plan or the tax increment financing plan is approved or amended.   (2) Notice of the time and place of hearing on a development plan shall contain the following:  (a) A description of the proposed development area in relation to highways, streets, streams, or otherwise.  (b) A statement that maps, plats, and a description of the development plan, including the method of relocating families and individuals who may be displaced from the area, are available for public inspection at a place designated in the notice, and that all aspects of the development plan will be open for discussion at the public hearing.  (c) Other information that the governing body considers appropriate.  (3) At the time set for hearing, the governing body shall provide an opportunity for interested persons to be heard and shall receive and consider communications in writing with reference thereto. 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 development plan. The governing body shall make and preserve a record of the public hearing, including all data presented at that time. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4319 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4319 - Notice to Vacate.

125.4319 Notice to vacate.Sec. 319.  A person to be relocated under this part shall be given not less than 90 days' written notice to vacate unless modified by court order for good cause. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4320 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4320 - Development Area Citizens Council; Establishment; Advisory Body; Appointment and Qualifications of Members.

125.4320 Development area citizens council; establishment; advisory body; appointment and qualifications of members.Sec. 320.  (1) A development area citizens council shall be established if the proposed development area has 100 or more persons residing within it and a change in zoning or a taking of property by eminent domain is necessary to accomplish the proposed development program. The council shall act as an advisory body to the authority and the governing body in the adoption of the development plan or tax increment financing plan.  (2) If a development area citizens council is required, the council shall be appointed by the governing body, and shall consist of not less than 9 members. Each member shall be at least 18 years of age and reside in the development area. The council shall be established at least 60 days before the public hearing on the development plan or the tax increment financing plan, or both.  (3) If a development area citizens council is required pursuant to subsection (1) and if the authority was established pursuant to section 304(1)(a), (b), (c), or (d), a council established in conjunction with any of those boards or commissions, may serve in an advisory capacity to the authority, if the authority determines it is representative of the development area. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4321 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4321 - Consultation Representative of Authority and Council.

125.4321 Consultation representative of authority and council.Sec. 321.  Periodically a representative of the authority responsible for preparation of a development or tax increment financing plan within the development area shall consult with and advise the development area citizens council regarding the aspects of a development plan, including the development of new housing for relocation purposes located either inside or outside of the development area. The consultation shall begin before any final decisions by the authority and the governing body regarding a development or tax increment financing plan. The consultation shall continue throughout the preparation and implementation of the development or tax increment financing plan. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4322 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4322 - Meetings of Council; Open to Public; Notice; Hearing Persons Present at Meeting; Record; Information and Technical Assistance; Failures Not Precluding Adoption of Development Plan.

125.4322 Meetings of council; open to public; notice; hearing persons present at meeting; record; information and technical assistance; failures not precluding adoption of development plan.Sec. 322.  (1) Meetings of the council shall be open to the public. Notice of the time and place of the meetings shall be posted in at least 10 conspicuous places in the development area accessible to the public not less than 5 days before the dates set for meetings of the council. A person present at those meetings shall have reasonable opportunity to be heard.  (2) A record of the meetings of a council, including information and data presented, shall be maintained by the council.  (3) A council may request of and receive from the authority information and technical assistance relevant to the preparation of the development plan for the development area.   (4) Failure of a council to organize or to consult with and be advised by the authority, or failure to advise the governing body, as provided in this part, shall not preclude the adoption of a development plan by a municipality if the municipality complies with the other provisions of this part. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4323 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4323 - Development or Tax Increment Financing Plan; Notice of Findings and Recommendations.

125.4323 Development or tax increment financing plan; notice of findings and recommendations.Sec. 323.  Within 20 days after the public hearing on a development or tax increment financing plan, the council, if established, shall notify the governing body, in writing, of its findings and recommendations concerning a proposed development plan. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4324 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4324 - Development Area Citizens Council; Dissolution.

125.4324 Development area citizens council; dissolution.Sec. 324.  A development area citizens council may not be required and, if formed, may be dissolved in any of the following situations:  (a) On petition of not less than 20% of the adult resident population of the development area by the last federal decennial or municipal census, a governing body, after public hearing with notice given in accordance with section 317 and by a 2/3 vote, may adopt a resolution eliminating the necessity of a council for the development area.  (b) If there are less than 18 residents located in the development area eligible to serve on the council.  (c) Upon termination of the authority by resolution of the governing body. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4325 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4325 - Budget; Cost of Handling and Auditing Funds.

125.4325 Budget; cost of handling and auditing funds.Sec. 325.  (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. The budget shall be prepared in the manner and contain the information required of municipal departments. Before the budget may be adopted by the board, it shall be approved by the governing body. Funds of the municipality shall not be included in the budget of the authority except those funds authorized in this part or by the governing body.  (2) The governing body may assess a reasonable pro rata share of the funds for the cost of handling and auditing the funds against the funds of the authority, other than those committed for designated purposes, which cost shall be paid annually by the board pursuant to an appropriate item in its budget. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4326 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4326 - Preservation of Public Facility, Building, or Structure Having Significant Historical Interest; Review of Proposed Changes to Exterior of Historic Site.

125.4326 Preservation of public facility, building, or structure having significant historical interest; review of proposed changes to exterior of historic site.Sec. 326.  (1) A public facility, building, or structure which is determined by the municipality to have significant historical interests shall be preserved in a manner as considered necessary by the municipality in accordance with laws relative to the preservation of historical sites.  (2) An authority shall refer all proposed changes to the exterior of sites listed on the state register of historic sites and the national register of historic places to the applicable historic district commission created under the local historic districts act, 1970 PA 169, MCL 399.201 to 399.215, or the Michigan state housing development authority for review. History: 2018, Act 57, Eff. Jan. 1, 2019 Compiler's Notes: For transfer of powers and duties of the state historic preservation office relating to the identification, certification, and preservation of historical sites from the Michigan state housing development authority to the Michigan strategic fund, see E.R.O. No. 2019-3, compiled at MCL 125.1998.
MI Comp L § 125.4327 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4327 - Dissolution of Authority; Resolution; Disposition of Property and Assets.

125.4327 Dissolution of authority; resolution; disposition of property and assets.Sec. 327.  An authority which has completed the purposes for which it was organized shall be dissolved by resolution of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the municipality. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4328 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4328 - Authority District Part of Area Annexed to or Consolidated With Another Municipality; Authority of Annexing or Consolidated Municipality; Effect of Obligations, Agreements, and Bonds.

125.4328 Authority district part of area annexed to or consolidated with another municipality; authority of annexing or consolidated municipality; effect of obligations, agreements, and bonds.Sec. 328.  Notwithstanding the limitation provided by section 302(1) on having more than 1 authority, if an authority district is part of an area annexed to or consolidated with another municipality, the authority managing that authority district shall become an authority of the annexing or consolidated municipality. All obligations of that authority incurred pursuant to development plans or tax increment plans, all agreements related to the plans, and bonds issued pursuant to this part shall remain in effect following the annexation or consolidation. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4329 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)|Section 125.4329 - New Authority or Authority District and Boundaries of Authority District; Prohibitions; Validity of Tax Increment Finance Authority, Authority District, Development Area, Development Plan, or Tax Increment Financing Plan Established Before December 30, 1986; Development Area Created or Expanded After December 29, 1986.

125.4329 New authority or authority district and boundaries of authority district; prohibitions; validity of tax increment finance authority, authority district, development area, development plan, or tax increment financing plan established before December 30, 1986; development area created or expanded after December 29, 1986.Sec. 329.  (1) Beginning January 1, 1987, a new authority or authority district shall not be created and the boundaries of an authority district shall not be expanded to include additional land.  (2) A tax increment finance authority, authority district, development area, development plan, or tax increment financing plan established under this part before December 30, 1986 shall not be invalidated pursuant to a claim that based on the standards set forth in section 303(1), a governing body improperly determined that the necessary conditions existed for the establishment of a tax increment financing authority under this part, if, at the time the governing body established the authority, the governing body could have determined that establishment of an authority under this part would serve to create jobs or promote economic development growth.  (3) A development area created or expanded after December 29, 1986 shall be subject to the requirements of section 303(1). History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4401 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-4 - Part 4 Local Development Finance Authorities (125.4401...125.4420)|Section 125.4401 - Legislative Findings; Short Title of Part.

125.4401 Legislative findings; short title of part.Sec. 401.  (1) The legislature finds all of the following:  (a) That there exists in this state conditions of unemployment, underemployment, and joblessness detrimental to the state economy and the economic growth of the state economy.  (b) That government programs are desirable and necessary to eliminate the causes of unemployment, underemployment, and joblessness therefore benefiting the economic growth of the state.  (c) That it is appropriate to finance these government programs by means available to the state and local units of government, including tax increment financing.   (d) That tax increment financing is a government financing program which contributes to economic growth and development by dedicating a portion of the tax base resulting from the economic growth and development to certain public facilities and structures or improvements of the type designed and dedicated to public use and thereby facilitate certain projects which create economic growth and development.   (e) That it is necessary for the legislature to exercise the sovereign power to legislate tax increment financing as authorized in this part and in the exercise of this sovereign power to mandate the transfer of tax increment revenues by city, village, township, school district, and county treasurers to authorities created under this part in order to effectuate the legislated government programs to eliminate the conditions of unemployment, underemployment, and joblessness and to promote state economic growth.  (f) That the creation of jobs and the promotion of economic growth in the state are essential governmental functions and constitute essential public purposes.  (g) That the creation of jobs and the promotion of economic growth stabilize and strengthen the tax bases upon which local units of government rely and that government programs to eliminate causes of unemployment, underemployment, and joblessness benefit local units of government and are for the use of those local units of government.  (h) That the provisions of this part are enacted to provide a means for local units of government to eliminate the conditions of unemployment, underemployment, and joblessness and to promote economic growth in the communities served by these local units of government.  (2) This part shall be known and may be cited as "the local development financing part". History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4403 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-4 - Part 4 Local Development Finance Authorities (125.4401...125.4420)|Section 125.4403 - Authority; Establishment by Municipality; Establishment by Next Michigan Development Corporation; Limitation; Powers.

125.4403 Authority; establishment by municipality; establishment by Next Michigan development corporation; limitation; powers.Sec. 403.  (1) Except as otherwise provided by subsection (2), a municipality may establish not more than 1 authority under the provisions of this part. An authority established under this subsection shall exercise its powers in all authority districts.  (2) In addition to an authority established under subsection (1), a municipality may join with 1 or more other municipalities located within the same county to establish an authority under this part. An authority created under this subsection may only exercise its powers in a certified technology park designated in an agreement made under section 412a or 412b or in a certified alternative energy park designated in an agreement under section 412c. A municipality shall not establish more than 1 authority under this subsection.  (3) A Next Michigan development corporation may establish not more than 1 authority under the provisions of this part. An authority established under this subsection shall exercise its powers within its authority district and in all Next Michigan development areas. The authority district in which the authority may exercise its powers shall include all or part of the territory of a Next Michigan development corporation, as determined by the governing body of the Next Michigan development corporation.  (4) The authority shall be a public body corporate which may sue and be sued in any court of this state. The authority possesses all the powers necessary to carry out the purpose of its incorporation. The enumeration of a power in this part shall not be construed as a limitation upon the general powers of the authority. The powers granted in this part to an authority may be exercised notwithstanding that bonds are not issued by the authority. History: 2018, Act 57, Eff. Jan. 1, 2019
MI Comp L § 125.4408 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)|57-2018-4 - Part 4 Local Development Finance Authorities (125.4401...125.4420)|Section 125.4408 - Authority as Instrumentality of Political Subdivision.

125.4408 Authority as instrumentality of political subdivision.Sec. 408.  The authority shall be considered an instrumentality of a political subdivision for purposes of 1972 PA 227, MCL 213.321 to 213.332. History: 2018, Act 57, Eff. Jan. 1, 2019