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MICHIGAN STATUTES AND CODES
Act 61 of 2007 - NEIGHBORHOOD IMPROVEMENT AUTHORITY ACT (125.2911 - 125.2932)
- Section 125.2911 - Short title.
- Section 125.2912 - Definitions; A to M.
- Section 125.2913 - Definitions; O to T.
- Section 125.2914 - Multiple authorities; establishment; authority as public body corporate.
- Section 125.2915 - Operation of authority; resolution of intent; public hearing; notice; adoption of ordinance establishing authority; filing; alteration or amendment of boundaries; exclusions; durati
- Section 125.2916 - Annexation or consolidation with another municipality.
- Section 125.2917 - Board; chief officer; membership; appointment terms; vacancy; oath; open meetings; removal of member; financial records; writings subject to freedom of information act.
- Section 125.2918 - Director; compensation; service; eligibility; oath; posting of bond; director as chief executive officer; duties of director; acting director; treasurer; secretary; retention of leg
- Section 125.2919 - Municipal retirement and insurance programs; participation.
- Section 125.2920 - Authority of board.
- Section 125.2921 - Financing sources; disposition of money received.
- Section 125.2922 - Borrowing money and issuing negotiable revenue bonds.
- Section 125.2923 - Acquisition or construction of property; borrowing money and issuing revenue bonds; other financing; securing bonds and notes; pledge; exemption from taxation; exceptions; liability
- Section 125.2924 - Tax increment financing plan; preparation and submission; contents; hearing and approval procedure; agreement with taxing jurisdiction; modification; exemption from tax; separate mi
- Section 125.2925 - Tax increment revenues; transmission to authority; expenditures; report on status of tax increment financing account.
- Section 125.2926 - Authorization, issuance, and sale of tax increment bonds; limitations; pledge; resolution to create lien on revenues; limited tax pledge.
- Section 125.2927 - Development plan; contents.
- Section 125.2928 - Development plan; public hearing; notice; opportunity to speak and provide written comment.
- Section 125.2929 - Development plan or tax increment financing plan as public purpose; consideration for approval, rejection, or modification.
- Section 125.2930 - Budget; submission; approval; cost of handling and auditing funds.
- Section 125.2931 - Dissolution of authority; property and assets.
- Section 125.2932 - Enforcement; rules.
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