Act 450 of 1980 - THE TAX INCREMENT FINANCE AUTHORITY ACT (125.1801 - 125.1830)
- Section 125.1801 - Definitions.
- Section 125.1801a - Short title.
- Section 125.1802 - Authority; establishment; public body corporate; powers generally.
- Section 125.1803 - Resolution of intent; determinations; notice of public hearing; adoption, filing, and publication of resolution establishing authority and designating boundaries of authority distri
- Section 125.1804 - Board; composition; chairperson; oath of member; rules governing procedure and meetings; meetings open to public; removal of member; publicizing expense items; financial records ope
- Section 125.1805 - Board; employment, compensation, term, oath, and bond of director; chief executive office; duties of director; absence or disability of director; reports; employment, compensation,
- Section 125.1807 - Board; powers generally.
- Section 125.1808 - Board serving as planning commission; agenda.
- Section 125.1809 - Authority as instrumentality of political subdivision.
- Section 125.1810 - Taking, transfer, and use of private property by municipality.
- Section 125.1811 - Financing activities of authority; sources.
- Section 125.1812 - Borrowing money; issuing negotiable revenue bonds; full faith and credit.
- Section 125.1812a - Insufficient tax increment revenues for repayment of advance or payment of obligation; appropriation and distribution to authority; filing, time, and contents of claim; distributio
- Section 125.1812b - Retention and payment of taxes levied under state education tax act; conditions; application by authority for approval; information to be included; approval, modification, or denia
- Section 125.1813 - Preparation and submission of tax increment financing plan; contents and approval of plan; public hearing; taxing jurisdictions.
- Section 125.1814 - Transmitting and expending tax increment revenues; disposition of surplus funds; abolition of tax increment financing plan; financial report.
- Section 125.1815 - Tax increment bonds; qualified refunding obligation.
- Section 125.1816 - Development plan; preparation; contents.
- Section 125.1817 - Public hearing on development plan; publication, mailing, and contents of notice; presentation of data; record.
- Section 125.1818 - Development plan or tax increment plan as public purpose; determination; approval or rejection of plan; notice and public hearing; conclusiveness of procedure, adequacy of notice, a
- Section 125.1819 - Notice to vacate.
- Section 125.1820 - Development area citizens council; establishment; advisory body; appointment and qualifications of members.
- Section 125.1821 - Consultation representative of authority and council.
- Section 125.1822 - Meetings of council; open to public; notice; hearing persons present at meeting; record; information and technical assistance; failures not precluding adoption of development plan.
- Section 125.1823 - Development plan; notice of findings and recommendations.
- Section 125.1824 - Development area citizens council; dissolution.
- Section 125.1825 - Budget; cost of handling and auditing funds.
- Section 125.1826 - Preservation of public facility, building, or structure having significant historical interest; review of proposed changes to exterior of historic site.
- Section 125.1827 - Dissolution of authority; resolution; disposition of property and assets.
- Section 125.1828 - Authority district part of area annexed to or consolidated with another municipality; authority of annexing or consolidated municipality; status of obligations, agreements, and bond
- Section 125.1829 - New authority or authority district and boundaries of authority district; prohibitions; validity of tax increment finance authority, authority district, development area, developmen
- Section 125.1830 - Proceedings to compel enforcement of act; rules.