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MICHIGAN STATUTES AND CODES
Act 171 of 1981 - MICHIGAN URBAN LAND ASSEMBLY ACT (125.1851 - 125.1861)
- Section 125.1851 - Short title.
- Section 125.1852 - Definitions.
- Section 125.1853 - Urban land assembly loan fund; creation; administration; use; operation on revolving basis; total amount of loans.
- Section 125.1854 - Disbursement of money from fund.
- Section 125.1855 - Eligibility; primary consideration to municipalities with high unemployment.
- Section 125.1856 - Application for loan; contents; guidelines for evaluating economic impact of proposed projects; system for ordering priority of projects.
- Section 125.1857 - Loan document; contents; execution; changes to project; annual report.
- Section 125.1858 - Repayment into fund of proceeds from sale or lease of land and improvements to industrial or commercial user; amount repaid; repayment of remainder of loan; sale of real property at
- Section 125.1859 - Annual report.
- Section 125.1860 - Transfer of funds for urban land banking purposes, loan interest, authority to receive repayments, and related records to fund.
- Section 125.1861 - Rules.
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