reglab/housing_qa huggingface dataset:
MI Comp L § 125.808 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 56 of 1980 - Neighborhood Assistance and Participation Act (125.801 - 125.814)|Section 125.808 - Project Application; Contents.

125.808 Project application; contents. Sec. 8.  (1) A neighborhood organization requesting project approval shall submit a project application to the director. The application shall include the following:   (a) Proof and certification that:  (i) The neighborhood meets the criteria established in section 7.  (ii) The organization meets the definition of neighborhood organization as provided in section 5.  (b) A detailed project work plan including:  (i) An assessment of the needs and objectives being addressed by the project.   (ii) A description of how the project will meet the stated objectives.  (iii) Letters of commitment from participating business firms, if any.  (iv) Other project details as required by the director.  (c) A detailed project budget including:  (i) Total project cost.  (ii) Project expenses by category of expense item.  (iii) Business contributions to the project cost.  (iv) Justification of administrative costs.  (v) Other budget details as required by the director.  (2) A project application may be for a project life of more than 1 year. History: 1980, Act 56, Imd. Eff. Apr. 1, 1980
MI Comp L § 125.809 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 56 of 1980 - Neighborhood Assistance and Participation Act (125.801 - 125.814)|Section 125.809 - Project Application; Approval or Disapproval; Review and Comments.

125.809 Project application; approval or disapproval; review and comments. Sec. 9.  (1) The department shall approve or disapprove a project application within 45 working days after the date of receipt of the application. The decision and the detailed reasons for the approval or disapproval of a proposal shall be in writing, and, if the proposal is approved, the amount of rebates to business firms authorized for use shall be stated.  (2) Upon receipt of the application, the department shall provide a copy of the project application to the local unit of government and the county in which the project will be located for review and comments. Any review and comments of the project shall be returned to the department within 30 working days after receipt of the application. Comments shall include:  (a) Whether the project conflicts with any applicable comprehensive plan.  (b) Verification of the neighborhood organization and business firm submitting the project application.  (c) Other comments as may be considered appropriate.  (3) The department may provide any other person, group, community action agency, or division of federal, state, or local unit of government a copy of the project for review and comment.  (4) The department may approve a project application after 35 working days from receipt of the project application, whether or not comments have been received from a local unit of government, or any person, group, or division of federal, state, or a local unit of government to whom copies of the project application have been provided. History: 1980, Act 56, Imd. Eff. Apr. 1, 1980
MI Comp L § 125.810 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 56 of 1980 - Neighborhood Assistance and Participation Act (125.801 - 125.814)|Section 125.810 - Certification; Entering Into Project; Project Representative; Professional Assistance.

125.810 Certification; entering into project; project representative; professional assistance. Sec. 10.  Upon certification by the department, a neighborhood organization may enter into a neighborhood assistance project with 1 or more business firms for the purpose of providing job training, community services, crime prevention, or physical revitalization through a project approved by the department. A business firm may appoint a person as a project representative to the neighborhood organization, or may provide professional assistance to the project upon request from the neighborhood organization. History: 1980, Act 56, Imd. Eff. Apr. 1, 1980
MI Comp L § 125.811 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 56 of 1980 - Neighborhood Assistance and Participation Act (125.801 - 125.814)|Section 125.811 - Rebate; Reimbursement Form; Amount; Review and Approval; Eligibility; Prohibitions.

125.811 Rebate; reimbursement form; amount; review and approval; eligibility; prohibitions. Sec. 11.  (1) A business firm shall receive from a neighborhood organization with which it has entered into a neighborhood assistance project a reimbursement form for a rebate. The reimbursement form shall be submitted to the department for an amount not to exceed 50% of the total amount contributed by the business firm to a project approved by the department. The department shall review the reimbursement form and approve the rebate within 30 days after receipt of the form.  (2) A contribution by a business firm shall be eligible for rebate the first year for that portion that exceeds the total contributions by the firm for the project in the previous year.  (3) A rebate shall not be issued to a business firm until after a contribution has been received for a project by the neighborhood organization implementing that project.  (4) A rebate for any specific business firm shall not exceed $50,000.00 for the first year of the neighborhood assistance project. The total amount of the rebate may be increased by not more than $50,000.00 each year for the succeeding 4 years so that in the fifth consecutive year, and each year thereafter, the rebate shall be a maximum of $250,000.00.  (5) A rebate shall not be granted to a bank, insurance company, trust company, building and loan or savings and loan association, or a credit union for activities that are considered a part of its normal course of business. History: 1980, Act 56, Imd. Eff. Apr. 1, 1980
MI Comp L § 125.812 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 56 of 1980 - Neighborhood Assistance and Participation Act (125.801 - 125.814)|Section 125.812 - Annual Report to Department.

125.812 Annual report to department. Sec. 12.  A neighborhood organization with projects approved by the department shall submit to the department an annual report not later than 90 days after the close of the project year for each year in which the project is certified. The report shall contain:  (a) An assessment of how the project is attaining the project objectives.  (b) An independent audit of project expenditures.  (c) Any other items that the director requires. History: 1980, Act 56, Imd. Eff. Apr. 1, 1980
MI Comp L § 125.813 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 56 of 1980 - Neighborhood Assistance and Participation Act (125.801 - 125.814)|Section 125.813 - Annual Report to Legislature.

125.813 Annual report to legislature. Sec. 13.  The department shall submit to the legislature an annual report not later than 90 days after the close of the fiscal year. The report shall contain:  (a) An assessment of the economic impacts of all projects approved.  (b) An assessment of the social impacts of all projects approved.  (c) A description of and status report on all projects approved.  (d) Total reimbursements authorized and paid.  (e) Any other information that the legislature requires. History: 1980, Act 56, Imd. Eff. Apr. 1, 1980
MI Comp L § 125.814 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 56 of 1980 - Neighborhood Assistance and Participation Act (125.801 - 125.814)|Section 125.814 - Transfer of Duties and Obligations.

125.814 Transfer of duties and obligations.  Sec. 14.  The duties and obligations imposed by this act upon the director and the department, other than by section 13, shall be transferred to, and be vested in, the community development commission after October 1, 1981. History: 1980, Act 56, Imd. Eff. Apr. 1, 1980
MI Comp L § 125.901 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.901 - Urban Redevelopment Corporations Law; Short Title; Applicability to Townships.

125.901 Urban redevelopment corporations law; short title; applicability to townships. Sec. 1.  (1) This act shall be known and may be cited as the "urban redevelopment corporations law."  (2) This act applies to townships in the same manner and to the same extent as it applies to cities. However, the development area in a township shall be limited to property that was used for a state office, hospital, prison, institution of higher education, or other state facility. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.901 ;-- Am. 1992, Act 138, Imd. Eff. July 15, 1992 Compiler's Notes: The catchlines following the act section numbers were incorporated as part of the act as enacted.
MI Comp L § 125.905 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.905 - Supervising Agency; Appointment.

125.905 Supervising agency; appointment.  Sec. 5.  The local legislative body of a city is hereby authorized by general ordinance or local law to appoint, establish or designate the chief financial officer of the city or some other official or bureau, commission or agency as the person or body to exercise the powers and perform the duties held by or incumbent upon a supervising agency pursuant to this act. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.905 ;-- Am. 1968, Act 325, Imd. Eff. July 3, 1968
MI Comp L § 125.907 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.907 - Limitations Imposed Upon Redevelopment Corporations; Limitations.

125.907 Limitations imposed upon redevelopment corporations; limitations. Sec. 7.  Limitation of redevelopment corporations. No redevelopment corporation shall:  1. Undertake any clearance, reconstruction, improvement, alteration or construction in connection with any development until the certificates of approval required by section 4 of this act have been issued;  2. Change, alter, amend, add to or depart from the development plan within 20 years of the issuance of the certificates of approval required by section 4 of this act, until the planning commission or the supervising agency, as the case may be, has issued a certificate of approval of that portion of such change, alteration, amendment, addition or departure relevant to the determination required to be made by it as set forth in section 4 of this act;  3. After a development has been commenced, sell, transfer or assign any real property in the development area without first obtaining the consent of the supervising agency;  4. Undertake more than 1 development;  5. Pay interest on its income debentures, if any, except out of net earnings which would have been applicable to the payment of dividends on its capital stock if there were no such income debentures;  6. Pay as compensation for services to, or enter into contracts for the payment of compensation for services to, its officers or employees in an amount greater than the limit thereon contained in the development plan, or in default thereof, then in an amount greater than the reasonable value of the services performed or to be performed by such officers or employees;  7. Lease an entire building or improvement in the development area to any person or corporation without obtaining the approval of the supervising agency, which may be withheld only if the lease is being made for the purpose of evading the regulatory provisions of this act;  8. Mortgage any of its real property without obtaining the approval of the supervising agency;  9. Make any guarantee without obtaining the approval of the supervising agency;  10. Dissolve without obtaining the approval of the supervising agency, which may be given upon such conditions as the supervising agency may deem necessary or appropriate to the protection of the interest of the city in the proceeds of the sale of the real property acquired by condemnation as provided in paragraph 3 of section 6 of this act, such approval to be endorsed on the certificate of dissolution and such certificate not to be filed in the department of state in the absence of such endorsement;  11. Reorganize without obtaining the approval of the supervising agency. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.907
MI Comp L § 125.908 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.908 - Corporation Code; Application to Redevelopment Corporations.

125.908 Corporation code; application to redevelopment corporations. Sec. 8.  Application of other corporation laws to redevelopment corporations. The provisions of the general corporation law as presently in effect and as hereafter from time to time amended, shall apply to redevelopment corporations, except where such provisions are in conflict with the provisions of this act. In the event that any action with respect to which the holders of income debentures shall have the right to vote is proposed to be taken, then notice of any meeting at which such action is proposed to be taken shall be given to such holders in the same manner and to the same extent as if they were stockholders entitled to notice of and to vote at such meeting, and any certificate filed pursuant to law in the department of state with respect to any such action, whether taken with or without meeting, and any affidavit required by law to be annexed to such certificate shall contain the same statements or recitals, and such certificate shall be subscribed and acknowledged, and such affidavit shall be made, in the same manner as if such holders were stockholders holding shares of an additional class of stock entitled to vote on such action, or with respect to the proceedings provided for in such certificate. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.908
MI Comp L § 125.909 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.909 - Consideration for Issuance of Stock, Bond or Debentures.

125.909 Consideration for issuance of stock, bond or debentures. Sec. 9.  Consideration for issuance of stock, bonds, or income debentures. No redevelopment corporation shall issue stock, bonds or income debentures, except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.909
MI Comp L § 125.910 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.910 - Determination of Development Cost; Procedure.

125.910 Determination of development cost; procedure. Sec. 10.  1. Upon the completion of a development, a redevelopment corporation shall, or upon the completion of a principal part of a development, a redevelopment corporation may, file with the supervising agency an audited statement of the development cost thereof. Within a reasonable time after the filing of such statement, the supervising agency shall determine the development cost applicable to the development or such portion thereof and shall issue to the redevelopment corporation a certificate stating the amount thereof as so determined.   2. A redevelopment corporation may, at any time, whether prior or subsequent to the undertaking of any contract or expense, apply to the supervising agency for a ruling as to whether any particular item of cost therein may be included in development cost when finally determined by the supervising agency, and the amount thereof. The supervising agency shall, within a reasonable time after such application, not to exceed 60 days, render a ruling thereon, and in the event that it shall be ruled that any item of cost may be included in development cost, or upon failure of the supervising agency to make such ruling within 60 days, the amount thereof as so determined shall be so included in development cost when finally determined. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.910 ;-- Am. 1968, Act 325, Imd. Eff. July 3, 1968
MI Comp L § 125.911 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.911 - Regulation of Corporation by Supervising Agency.

125.911 Regulation of corporation by supervising agency. Sec. 11.  Regulation of redevelopment corporations by supervising agency.  A redevelopment corporation shall:  1. Furnish to the supervising agency from time to time, as required by it, but with respect to regular reports not more often than once every 6 months, such financial information, statements, audited reports or other material as such supervising agency shall require, each of which shall conform to such standards of accounting and financial procedure as the supervising agency may by general regulation prescribe.  2. Establish and maintain such depreciation and other reserves, surplus and other accounts as the supervising agency may reasonably require.  3. Any provision of the general corporation law to the contrary notwithstanding, 1 member of the board of directors of a redevelopment corporation shall be a designee of the supervising agency, as long as any of the real property of the redevelopment corporation is entitled to the tax exemption provided for in section 12 of this act. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.911
MI Comp L § 125.912a (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.912a - Redevelopment Corporation; Powers and Authority.

125.912a Redevelopment corporation; powers and authority. Sec. 12a.  Except as otherwise provided in this act, a redevelopment corporation may do all of the following:   (a) Form or incorporate nonprofit corporations under the laws of this state for any purpose not inconsistent with the purposes for which the redevelopment corporation was formed.  (b) Serve as a shareholder or member of a qualified nonprofit corporation organized under the laws of this state.  (c) Authorize, approve, execute, and file with the Michigan department of consumer and industry services those documents that are appropriate to form and continue 1 or more nonprofit corporations.  (d) Form or incorporate for-profit corporations, partnerships, and limited liability companies under the laws of this state for any purpose not inconsistent with the purposes for which the redevelopment corporation was formed. History: Add. 1998, Act 385, Imd. Eff. Oct. 23, 1998
MI Comp L § 125.912b (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.912b - Redevelopment Corporation; Funds, Grants, Agreements.

125.912b Redevelopment corporation; funds, grants, agreements.  Sec. 12b.  (1) Funds for the operation of a redevelopment corporation may be loaned or granted by the city or township, this state, the federal government, or any agency or political subdivision of this state or the federal government. The city or township, through its local legislative body, may condition the provision of funds to the redevelopment corporation upon an agreement that the redevelopment corporation shall as soon as possible reimburse the city or township for all money expended by it for the redevelopment corporation from revenues received from other sources.  (2) A redevelopment corporation may solicit, accept, and enter into agreements relating to grants from any public or private source, including this state, the federal government, or any agency or political subdivision of this state or the federal government, and may carry out any federal or state program related to the purposes for which the redevelopment corporation is created. History: Add. 1998, Act 385, Imd. Eff. Oct. 23, 1998
MI Comp L § 125.913 (2021)
2021 Michigan Compiled Laws|Chapter 125 - Planning, Housing, and Zoning|Act 250 of 1941 - Urban Redevelopment Corporations Law (125.901 - 125.922)|Section 125.913 - Return on Income Debentures and Stock; Limitations.

125.913 Return on income debentures and stock; limitations. Sec. 13.  Limited return on income debentures and stock.  1. No redevelopment corporation shall pay any interest on its income debentures or dividends on its stock during any dividend year, unless there shall exist at the time of any such payment no default under any amortization requirements with respect to its indebtedness.  2. No redevelopment corporation shall pay or declare as interest on its income debentures and as dividends on its stock during any dividend year during any portion of which there shall exist pursuant to section 12 of this act any exemption from local taxation on any of its real property, in an amount in excess of the maximum dividend, except as provided in paragraphs 3 and 4 of this section 13.  3. In the event that in any dividend year the maximum exemption period with respect to some of the parcels of real property held by a redevelopment corporation shall have expired, and with respect to some such parcels shall not have expired, then that portion of its net earnings which may be paid or declared as interest on its income debentures and as dividends on its stock during such dividend year shall be determined as follows: Multiply the net earnings of the corporation subject to payment or declaration as such interest or dividends, by a fraction the numerator of which is the total of the maximum assessed valuation of all real property for which the maximum exemption period has not expired and the denominator of which is the total of the maximum assessed valuation of all the real property of the corporation; and the result will be the apportioned net earnings restricted as to payment as such interest or dividends; compute the amount of the maximum dividend as though no apportionment of the same were to be affected and multiply the amount so arrived at by the same fraction; and the result will be the apportioned maximum dividend; only that portion of such apportioned net earnings which does not exceed such apportioned maximum dividend may be paid or declared as such interest or dividends; and that portion of the net earnings obtained by subtracting from total net earnings such apportioned net earnings restricted as to payment as such interest and dividends may be paid or declared without restriction as such interest or dividends.  4. In the event that in any 1 or more prior dividend years the total amount paid or declared as interest on the corporation's income debentures or as dividends on its stock shall have been less than the amounts allowable pursuant to paragraphs 2 and 3 of this section 13, then cumulative interest and dividends equal to the difference may be paid out of any net income applicable thereto in any subsequent dividend year despite the limitation imposed by paragraph 2 of this section 13. History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.913