reglab/housing_qa huggingface dataset:
MI Comp L § 125.2661 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2661 - Financing Sources of Authority Activities.

125.2661 Financing sources of authority activities.Sec. 11.  The activities of the authority shall be financed from 1 or more of the following sources:  (a) Contributions, contractual payments, or appropriations to the authority for the performance of its functions or to pay the costs of a brownfield plan of the authority.  (b) Revenues from a property, building, or facility owned, leased, licensed, or operated by the authority or under its control, subject to the limitations imposed upon the authority by trusts or other agreements.  (c) Subject to the limitations imposed under sections 8, 13, 13b, and 15, 1 or both of the following:  (i) Tax increment revenues received under a brownfield plan established under sections 13 and 14.  (ii) Proceeds of tax increment bonds and notes issued under section 17.  (d) Proceeds of revenue bonds and notes issued under section 12.   (e) Revenue available in the local brownfield revolving fund for the costs described in section 8.  (f) Construction period tax capture revenues, withholding tax capture revenues, and income tax capture revenues received under a transformational brownfield plan established under sections 13c and 14a.  (g) Money obtained from all other sources approved by the governing body of the municipality or otherwise authorized by law for use by the authority or the municipality to finance activities authorized under this act. History: 1996, Act 381, Eff. Sept. 16, 1996 ;-- Am. 2016, Act 471, Eff. Apr. 5, 2017 ;-- Am. 2017, Act 46, Eff. July 24, 2017
MI Comp L § 125.2662 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2662 - Bonds and Notes of Authority.

125.2662 Bonds and notes of authority. Sec. 12.  (1) The authority may borrow money and issue its negotiable revenue bonds or notes to finance all or part of the costs of eligible activities or of another activity of the authority under this act. Revenue bonds and notes issued under this section are subject to the revenue bond act of 1933, 1933 PA 94, MCL 141.101 to 141.140. The costs that may be financed by the issuance of revenue bonds or notes may include the costs of purchasing, acquiring, constructing, improving, enlarging, extending, or repairing property in connection with an activity authorized under this act; engineering, architectural, legal, accounting, or financial expenses; the costs necessary or incidental to the borrowing of money; interest on the bonds or notes during the period of construction; a reserve for payment of principal and interest on the bonds or notes; and a reserve for operation and maintenance until sufficient revenues have developed. The authority may secure the bonds and notes by mortgage, assignment, or pledge of the property and all money, revenues, or income received in connection with the property.  (2) A pledge made by the authority shall be valid and binding from the time the pledge is made. The money or property pledged by the authority immediately shall be subject to the lien of the pledge without a physical delivery, filing, or further act. The lien of a pledge shall be valid and binding as against parties having claims in tort, contract, or otherwise against the authority, irrespective of whether the parties have notice of the lien. Filing of the resolution, the trust agreement, or another instrument by which a pledge is created is not required.  (3) Bonds or notes issued under this section shall be exempt from all taxation in this state except estate and transfer taxes, and the interest on the bonds or notes shall be exempt from all taxation in this state, notwithstanding that the interest may be subject to federal income tax.  (4) Unless otherwise provided by a majority vote of the members of its governing body, the municipality shall not be liable on bonds or notes of the authority issued under this section and the bonds or notes shall not be a debt of the municipality.  (5) The bonds and notes of the authority may be invested in by the state treasurer and all other public officers, state agencies and political subdivisions, insurance companies, banks, savings and loan associations, investment companies, and fiduciaries and trustees, and may be deposited with and received by the state treasurer and all other public officers and the agencies and political subdivisions of this state for all purposes for which the deposit of bonds or notes is authorized. The authority granted by this section is supplemental and in addition to all other authority granted by law. History: 1996, Act 381, Eff. Sept. 16, 1996 ;-- Am. 2002, Act 413, Imd. Eff. June 3, 2002
MI Comp L § 125.2663a (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2663a - Cost Recovery Action.

125.2663a Cost recovery action.Sec. 13a.  Costs of a response activity paid with tax increment revenues that are captured pursuant to section 13(4) may be recovered from a party that is responsible for an activity causing a release. This state or an authority may undertake cost recovery for tax increment revenue captured. Before an authority or this state may institute a cost recovery action, it must provide the other with 60 days' notice. This state or an authority that recovers costs under this section shall apply those recovered costs to the following, in the following order of priority:  (a) The reasonable attorney fees and costs incurred by this state or an authority in obtaining the cost recovery.  (b) One of the following:  (i) If an authority undertakes the cost recovery action, the authority shall deposit the remaining recovered funds into the local brownfield revolving fund created pursuant to section 8, if such a fund has been established by the authority. If a local brownfield revolving fund has not been established, the authority shall disburse the remaining recovered funds to the local taxing jurisdictions in the proportion that the local taxing jurisdictions' taxes were captured.  (ii) If this state undertakes a cost recovery action, this state shall deposit the remaining recovered funds into the revitalization revolving loan fund established under section 20108a of the natural resources and environmental protection act, 1994 PA 451, MCL 324.20108a.  (iii) If this state and an authority each undertake a cost recovery action, undertake a cost recovery action jointly, or one on behalf of the other, the amount of any remaining recovered funds shall be deposited pursuant to subparagraphs (i) and (ii) in the proportion that the tax increment revenues being recovered represent local taxes and taxes levied for school operating purposes, respectively. History: Add. 2016, Act 471, Eff. Apr. 5, 2017
MI Comp L § 125.2665b (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2665b - Reimbursement to Intermediate School Districts.

125.2665b Reimbursement to intermediate school districts.Sec. 15b.  (1) Beginning January 1, 2021, and each year thereafter, from the state school aid fund this state shall reimburse each intermediate school district for any tax increment revenues captured by an authority under this act for property taxes levied for operating purposes under section 625a, sections 681 to 690, or sections 1722 to 1729 of the revised school code, 1976 PA 451, MCL 380.625a, 380.681 to 380.690, and 380.1722 to 380.1729.  (2) The amounts reimbursed under subsection (1) shall be used by the intermediate school district only for the purposes for which the property taxes were originally levied.  (3) The Michigan strategic fund and the Michigan economic development corporation shall work with the department of treasury in identifying the amount of tax revenues captured by an authority that are to be reimbursed under subsection (1). History: Add. 2020, Act 279, Eff. Mar. 24, 2021
MI Comp L § 125.2668 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2668 - Operating Budget.

125.2668 Operating budget. Sec. 18.  (1) The authority shall prepare and approve 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. Funds of a municipality shall not be included in the budget of the authority except those funds authorized in this act or by the governing body of the municipality.  (2) The governing body of a municipality may assess a reasonable pro rata share of the funds for the cost of handling and auditing the funds of the authority, other than those committed for designated purposes, which cost shall be paid annually by the authority under an appropriate item in its budget. History: 1996, Act 381, Eff. Sept. 16, 1996
MI Comp L § 125.2669 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2669 - Dissolution of Authority; Distribution of Tax Revenues and Interest.

125.2669 Dissolution of authority; distribution of tax revenues and interest. Sec. 19.  (1) An authority that completes the purposes for which it was organized shall be dissolved by resolution of the governing body. Except as provided in subsection (2), the property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the municipality or to an agency or instrumentality designated by resolution of the municipality.  (2) Tax increment revenues and the interest earned on tax increment revenues shall be distributed as provided under section 16(2). History: 1996, Act 381, Eff. Sept. 16, 1996 ;-- Am. 2000, Act 145, Imd. Eff. June 6, 2000
MI Comp L § 125.2670 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2670 - Enforcement Proceedings.

125.2670 Enforcement proceedings. Sec. 20.  The state tax commission may institute proceedings to compel enforcement of the requirements of this act. History: 1996, Act 381, Eff. Sept. 16, 1996
MI Comp L § 125.2671 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2671 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.

125.2671 Repealed. 2016, Act 471, Eff. Apr. 5, 2017. Compiler's Notes: The repealed section pertained to prohibition against capturing tax increment revenues from taxes levied before December 31, 1996.
MI Comp L § 125.2672 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)|Section 125.2672 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.

125.2672 Repealed. 2016, Act 471, Eff. Apr. 5, 2017. Compiler's Notes: The repealed section pertained to conditional effective date.
MI Comp L § 125.2681 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2681 - Short Title.

125.2681 Short title. Sec. 1.  This act shall be known and may be cited as the "Michigan renaissance zone act". History: 1996, Act 376, Imd. Eff. July 17, 1996 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2682 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2682 - Legislative Findings and Declarations.

125.2682 Legislative findings and declarations.  Sec. 2.  The legislature of this state finds and declares that there exists in this state continuing need for programs to assist certain local governmental units in encouraging economic development, the consequent job creation and retention, and ancillary economic growth in this state. To achieve these purposes, it is necessary to assist and encourage the creation of renaissance zones and provide temporary relief from certain taxes within the renaissance zones. History: 1996, Act 376, Imd. Eff. July 17, 1996 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2685 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2685 - Renaissance Zone Review Board; Creation; Membership; Review of Applications; Recommendations; Submission Date; Compensation; Reimbursement for Travel and Expenses.

125.2685 Renaissance zone review board; creation; membership; review of applications; recommendations; submission date; compensation; reimbursement for travel and expenses. Sec. 5.  (1) The renaissance zone review board is created. The review board shall consist of the board of the Michigan strategic fund described in section 4 of the Michigan strategic fund act, 1984 PA 270, MCL 125.2004.  (2) The review board shall review all applications submitted by qualified local governmental units and make recommendations to the board for approval based on the criteria contained in section 7.  (3) The review board and the board shall not consider an application if the application was submitted after September 30, 1996 for designations under section 8.  (4) Members of the board and the review board shall serve without compensation for their membership on the board and the review board, but members of the board and the review board may receive reasonable reimbursement for necessary travel and expenses. History: 1996, Act 376, Imd. Eff. July 17, 1996 ;-- Am. 1999, Act 98, Eff. Oct. 11, 1999 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2687 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2687 - Renaissance Zone; Designation; Criteria; Resolution; Report of Transaction With or Gift to Official or Employee of Local Governmental Unit.

125.2687 Renaissance zone; designation; criteria; resolution; report of transaction with or gift to official or employee of local governmental unit. Sec. 7.  (1) The board shall consider the following criteria in designating a renaissance zone:  (a) Shall give priority to applications that include new business activity.  (b) Evidence of adverse economic and socioeconomic conditions within the proposed renaissance zone.  (c) The viability of the development plan.  (d) Whether the development plan is creative and innovative.   (e) Public and private commitment to and other resources available for the proposed renaissance zone.  (f) How renaissance zone designation would relate to a broader plan for the community as a whole.  (g) The level of demonstrated cooperation from surrounding communities.  (h) How the local regulatory burden will be eased for businesses operating in the proposed renaissance zone.  (i) Public and private commitment to improving abandoned real property.  (j) Any other information required by the board.  (2) The board shall not designate an area as a renaissance zone unless each city, village, or township, within which the proposed renaissance zone is to be located, provides a resolution from its governing body that states if the renaissance zone designation is granted, persons and property within the renaissance zone are exempt from taxes levied by that city, village, or township as provided in this act.  (3) Within a 12-month period immediately preceding and immediately following designation of a renaissance zone or submission of an application for consideration as a renaissance zone, an individual who is a resident of a renaissance zone or an area being considered for designation as a renaissance zone, a business that is located and conducts business activity within a renaissance zone or an area being considered for designation as a renaissance zone, or an officer of a business that is located and conducts business activity within a renaissance zone or an area being considered for designation as a renaissance zone shall report to the chief executive officer of the local governmental unit in which the renaissance zone is designated or the local governmental unit that has applied for renaissance zone designation any transaction with or gift to any official or employee of that local governmental unit. As used in this subsection, "gift" means that term as defined in section 4 of 1978 PA 472, MCL 4.414. History: 1996, Act 376, Imd. Eff. July 17, 1996 ;-- Am. 2000, Act 259, Imd. Eff. June 29, 2000 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2688 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2688 - Designation of Renaissance Zones; Limitation; Additional Zones; Submission of Designations to Legislature; Rejection of Designations by Concurrent Resolution.

125.2688 Designation of renaissance zones; limitation; additional zones; submission of designations to legislature; rejection of designations by concurrent resolution.Sec. 8.  (1) Except as otherwise provided in this act, the board shall not designate more than 9 renaissance zones within this state. Not more than 6 of the renaissance zones shall be located in urban areas and not more than 4 of the renaissance zones shall be located in rural areas. For purposes of determining whether a renaissance zone is located in an urban area or rural area under this section, if any part of a renaissance zone is located within an urban area, the entire renaissance zone shall be considered to be located in an urban area.  (2) The board may designate additional renaissance zones within this state in 1 or more qualified local governmental units if that qualified local governmental unit or units contain a military installation that was operated by the United States department of defense and has closed after 1990.  (3) Each renaissance zone designated by the board under section 8a shall be submitted to the legislature, which, by concurrent resolution adopted by a majority vote of those elected to and serving in each house, on a record roll call vote, may reject that designation no later than the earlier of 45 days following the date of the designation by the board or December 31 of the year of designation. History: 1996, Act 376, Imd. Eff. July 17, 1996 ;-- Am. 1999, Act 139, Imd. Eff. Oct. 11, 1999 ;-- Am. 2003, Act 93, Imd. Eff. July 24, 2003 ;-- Am. 2003, Act 266, Imd. Eff. Jan. 5, 2004 ;-- Am. 2006, Act 304, Imd. Eff. July 20, 2006 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2688b (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2688b - Applicability of MCL 15.261 to 15.275 to Local Governmental Units.

125.2688b Applicability of MCL 15.261 to 15.275 to local governmental units. Sec. 8b.  It is the intent of the legislature that local governmental units subject to this act shall follow all state statutes that relate to condemnation of property and the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. History: Add. 1999, Act 98, Eff. Oct. 11, 1999 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2691 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2691 - Application Form.

125.2691 Application form.Sec. 11.  The form of the application for a renaissance zone designation shall be as specified by the Michigan strategic fund. After the form of the application is specified by the Michigan strategic fund, the Michigan strategic fund shall file a copy of the application with each house of the legislature. The board may request any information from an applicant, in addition to that contained in an application, as may be needed to permit the board to discharge its responsibilities under this act. History: 1996, Act 376, Imd. Eff. July 17, 1996 ;-- Am. 2006, Act 440, Imd. Eff. Oct. 5, 2006 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2693 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2693 - Business Conducted at Public Meeting.

125.2693 Business conducted at public meeting.  Sec. 13.  (1) The board and the review board shall conduct all business at public meetings held in compliance with 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. Public notice of the time, date, and place of each meeting shall be given in the manner required by Act No. 267 of the Public Acts of 1976.  (2) A record or a portion of a record, material, application, or other data received, prepared, used, or retained by the board or review board is subject to the freedom of information act, Act No. 442 of the Public Acts of 1976, being sections 15.231 to 15.246 of the Michigan Compiled Laws. History: 1996, Act 376, Imd. Eff. July 17, 1996 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.
MI Comp L § 125.2694 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)|Section 125.2694 - Construction of Act.

125.2694 Construction of act. Sec. 14.  This act shall be construed liberally to effectuate the legislative intent and the purposes of this act and as complete and independent authority for the performance of each and every act and thing authorized by this act, and all powers granted by this act shall be broadly interpreted to effectuate the intent and purposes of this act and not as a limitation of powers. History: 1996, Act 376, Imd. Eff. July 17, 1996 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.