Section 124.752 – Legislative Findings.
124.752 Legislative findings. Sec. 2. The legislature finds that there exists in this state a continuing need to strengthen and revitalize the economy of this state and local units of government in this state and that it is in the best interests of this state and local units of government in this state to assemble […]
Section 124.753 – Definitions.
124.753 Definitions. Sec. 3. As used in this act: (a) “Authority” means a land bank fast track authority created under section 15, section 23(4), or section 23(5). (b) “Authority board” means the board of directors of the state authority appointed under section 16. (c) “Casino” means a casino regulated by this state under the Michigan […]
Section 124.754 – Powers.
124.754 Powers. Sec. 4. (1) Except as otherwise provided in this act, an authority may do all things necessary or convenient to implement the purposes, objectives, and provisions of this act, and the purposes, objectives, and powers delegated to the board of directors of an authority by other laws or executive orders, including, but not […]
Section 124.755 – Acquisition of Property; Accepting Deed in Lieu of Foreclosure or Sale; Release of Tax Lien.
124.755 Acquisition of property; accepting deed in lieu of foreclosure or sale; release of tax lien. Sec. 5. (1) Except as provided in section 4(8), an authority may acquire by gift, devise, transfer, exchange, foreclosure, purchase, or otherwise on terms and conditions and in a manner the authority considers proper, real or personal property, or […]