Section 207.704 - Definitions; S, T. - Michigan Statutes

TECHNOLOGY PARK DEVELOPMENT ACT (EXCERPT)
Act 385 of 1984

207.704 Definitions; S, T.

Sec. 4.

(1) “State equalized valuation” means the valuation determined under Act No. 44 of the Public Acts of 1911, being sections 209.1 to 209.8 of the Michigan Compiled Laws.

(2) “Technology park district” or “district” means an area of a local governmental unit established as provided in section 5.

(3) “Technology park facilities exemption certificate” or “certificate” means a certificate issued pursuant to section 8.

(4) “Technology park facilities tax” means the specific tax levied under section 12.

History: 1984, Act 385, Imd. Eff. Dec. 28, 1984