Section 125.1792 - Dissolution of authority.
WATER RESOURCE IMPROVEMENT TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)
Act 94 of 2008
125.1792 Dissolution of authority.
Sec. 22.
An authority that has completed the purposes for which it was organized shall be dissolved by ordinance of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority belong to the municipality.
History: 2008, Act 94, Imd. Eff. Apr. 8, 2008