Act 381 of 1996 - BROWNFIELD REDEVELOPMENT FINANCING ACT (125.2651 - 125.2672)
- Section 125.2651 - Short title.
- Section 125.2652 - Definitions.
- Section 125.2653 - Brownfield redevelopment authority; establishment; exercise of powers; alteration or amendment of boundaries; authority as public body corporate; written agreement with county.
- Section 125.2654 - Resolution by governing body; adoption; notice; public hearing; proceedings establishing authority; presumption of validity; exercise as essential governmental function; implementat
- Section 125.2655 - Designation of board by governing body; membership; trustees; applicability of subsection (2); election of chairperson, vice-chairperson, and other officers; oath; procedural rules;
- Section 125.2656 - Appointment or employment of director, treasurer, secretary, personnel, and consultants; assistance provided by municipality; retirement and insurance programs.
- Section 125.2657 - Powers of authority; determining captured taxable value; transfer of municipality funds to authority.
- Section 125.2658 - Local site remediation revolving fund.
- Section 125.2659 - Authority as instrumentality of political subdivision.
- Section 125.2660 - Taking, transfer, and use of private property.
- Section 125.2661 - Financing sources of authority activities.
- Section 125.2662 - Bonds and notes of authority.
- Section 125.2663 - Brownfield plan; provisions.
- Section 125.2664 - Brownfield plan as public purpose; determination; amendments to plan; validity of procedure, notice, and findings; presumption.
- Section 125.2665 - Prohibited conduct; work plan; documents to be submitted for approval; written request pertaining to baseline environmental assessment activities or due care activities; additional
- Section 125.2665a - Retention and payment of taxes levied under state education tax act; conditions; application for approval by authority; information to be included; approval, modification, or denia
- Section 125.2666 - Tax increment revenues; transmission to authority; expenditure; reversion of surplus funds; abolishment of plan; financial status report; collection of financial reports by state ta
- Section 125.2667 - Authorization, issuance, and sale of tax increment bonds and notes.
- Section 125.2668 - Operating budget.
- Section 125.2669 - Dissolution of authority; distribution of tax revenues and interest.
- Section 125.2670 - Enforcement proceedings.
- Section 125.2671 - Taxes levied before December 31, 1996.
- Section 125.2672 - Conditional effective date.