US Lawyer Database

Section 123.1287 – Property as Public Property; Exemption From Taxes.

123.1287 Property as public property; exemption from taxes. Sec. 27. (1) The property of an authority created under this act is public property devoted to an essential public and governmental purpose. Income of an authority is for a public and governmental purpose. (2) Except as otherwise provided in this subsection, the property of an authority […]

Section 123.1356a – Municipality That Is Tax Increment Finance Authority; Calculation of Municipality’s Tax Increment Small Taxpayer Loss; Duties of Municipality; Report.

123.1356a Municipality that is tax increment finance authority; calculation of municipality’s tax increment small taxpayer loss; duties of municipality; report. Sec. 16a. (1) Not later than June 15, 2014 and June 15, 2015, each municipality that is a tax increment finance authority shall calculate and report to the department the municipality’s tax increment small taxpayer […]

Section 123.1289 – Acquisition of Property.

123.1289 Acquisition of property. Sec. 29. An authority may acquire property for a lighting system by purchase, construction, lease, gift, or devise, either within or outside its corporate limits. The authority may hold, manage, control, sell, exchange, or lease the property, except that if the property at issue was purchased, constructed, gifted, devised, leased, or […]

Section 123.1356b – Calculation by Municipality That Is Tax Increment Finance Authority; Form and Manner; Extension of Calculation and Reporting Date; Exclusion.

123.1356b Calculation by municipality that is tax increment finance authority; form and manner; extension of calculation and reporting date; exclusion. Sec. 16b. (1) Each municipality that is a tax increment finance authority shall report to the department the calculation required under section 16a on a form and in a manner prescribed by the department. (2) […]

Section 123.1291 – Advance or Loan of Money From Local Governing Body to Authority.

123.1291 Advance or loan of money from local governing body to authority. Sec. 31. The governing body of the local government comprising the authority may advance or loan to the authority any money required for administrative expenses or for the purpose of obtaining maps, plans, designs, specifications, and cost estimates of a proposed lighting system. […]

Section 123.1295 – Construction of Act.

123.1295 Construction of act. Sec. 35. This act shall be liberally construed in the interest of the public health, safety, and welfare of the persons and property within an authority created under this act. History: 2012, Act 392, Imd. Eff. Dec. 19, 2012

Section 123.1341 – Short Title.

123.1341 Short title. Sec. 1. This act shall be known and may be cited as the “local community stabilization authority act”. History: 2014, Act 86, Eff. Aug. 22, 2014 Compiler’s Notes: Enacting section 2 of Act 86 of 2014 provides:”Enacting section 2. This act does not take effect unless Senate Bill No. 822 of the […]