Section 125.4915 – Enforcement of Act.
125.4915 Enforcement of act. Sec. 915. (1) The department of treasury may institute proceedings to compel enforcement of this act and shall send written notification to an authority that fails to comply with this act, to each taxing jurisdiction that has tax increment revenues captured by the authority, and to the governing body of the […]
Section 125.4912 – Copy or Electronic Mail Link of Adopted Development Plan or Tax Increment Finance Plan.
125.4912 Copy or electronic mail link of adopted development plan or tax increment finance plan. Sec. 912. Within 90 days of the effective date of this act, each authority shall send a copy or an electronic mail link of its currently adopted development plan or its currently adopted tax increment finance plan, if separate from […]
Section 125.4901 – Definitions.
125.4901 Definitions. Sec. 901. As used in this part: (a) “Authority” means all of the following: (i) An authority as defined in part 2. (ii) An authority as defined in part 3. (iii) An authority as defined in part 4. (iv) An authority as defined in part 6. (v) An authority as defined in part […]
Section 125.4910 – Website; Requirements.
125.4910 Website; requirements. Sec. 910. (1) Subject to subsection (5), each municipality that has created an authority or that creates an authority shall create a website or utilize the existing website of the municipality that is operated and regularly maintained with access to authority records and documents for the fiscal year beginning on the effective […]
Section 125.4911 – Capture of Tax Increment Revenues; Report by Authority; Contents; Filing; Compilation by Department of Treasury; Submission to Legislature; Consultation With Professional Organizations.
125.4911 Capture of tax increment revenues; report by authority; contents; filing; compilation by department of treasury; submission to legislature; consultation with professional organizations. Sec. 911. (1) Annually, on a form and in the manner prescribed by the department of treasury, an authority that is capturing tax increment revenues shall submit to the governing body of […]