Section 390.1661 – Short Title.

390.1661 Short title. Sec. 1. This act shall be known and may be cited as the “Michigan promise zone authority act”. History: 2008, Act 549, Imd. Eff. Jan. 13, 2009

Section 390.1663 – Definitions.

390.1663 Definitions. Sec. 3. As used in this act: (a) “Authority” means a promise zone authority created under this act. (b) “Board” means the governing body of an authority. (c) “Eligible entity” means a city, township, county, local school district, or intermediate school district, in which the percentage of families with children under age 18 […]

Section 390.1664 – Promise Zone; Establishment by Governing Body; Resolution; Public Hearing; Application; Review by Department of Treasury; Determination of Eligibility; Certification; Approval of Resolution; Election by Local School District; Establishment of Separate Promise Zone by Local School District; Dissolution.

390.1664 Promise zone; establishment by governing body; resolution; public hearing; application; review by department of treasury; determination of eligibility; certification; approval of resolution; election by local school district; establishment of separate promise zone by local school district; dissolution. Sec. 4. (1) If a governing body determines that it is necessary for the best interests of […]

Section 390.1664a – Ineligible Entity; Revenue Capture From State Education Tax.

390.1664a Ineligible entity; revenue capture from state education tax. Sec. 4a. (1) A city, township, county, local school district, or intermediate school district that is not an eligible entity may create a promise zone under this act but shall not capture revenue from the state education tax under this act. The governing body of a […]

Section 390.1665 – Promise Zone Authority; Creation; Authority as Public Body Corporate; Powers; Board; Oath; Proceedings and Rules Subject to Open Meetings Act; Removal of Board Member; Writings Subject to the Freedom of Information Act.

390.1665 Promise zone authority; creation; authority as public body corporate; powers; board; oath; proceedings and rules subject to open meetings act; removal of board member; writings subject to the freedom of information act. Sec. 5. (1) If a governing body, by resolution, establishes a promise zone under section 4(5), the governing body shall, by resolution, […]

Section 390.1667 – Promise Zone Development Plan; Provisions; Funding for Out-of-State Postsecondary Institution Prohibited; Submission of Plan or Amendments to Department of Treasury; Failure to Submit Plan Within Certain Time Frame; Review; Approval or Written Notice of Deficiencies; Amendment.

390.1667 Promise zone development plan; provisions; funding for out-of-state postsecondary institution prohibited; submission of plan or amendments to department of treasury; failure to submit plan within certain time frame; review; approval or written notice of deficiencies; amendment. Sec. 7. (1) A promise zone authority created under section 5 shall prepare a promise zone development plan. […]

Section 390.1669 – Cause of Action Not Created.

390.1669 Cause of action not created. Sec. 9. (1) The establishment of a promise zone does not create a cause of action in law or in equity against this state, an eligible entity, or a promise zone authority. (2) The establishment of a promise zone development plan does not create a cause of action in […]

Section 390.1671 – Director; Powers and Duties; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel; Deposit of Money; Administrative Costs; Limitation; Submission of Audited Financial Statements; Certification of Compliance.

390.1671 Director; powers and duties; acting director; treasurer; secretary; legal counsel; other personnel; deposit of money; administrative costs; limitation; submission of audited financial statements; certification of compliance. Sec. 11. (1) The board may employ a director. All of the following apply to a director employed by a board under this subsection: (a) The board shall […]

Section 390.1673 – Board; Powers.

390.1673 Board; powers. Sec. 13. The board may do any of the following: (a) Prepare an analysis of the postsecondary educational opportunities for the residents of the promise zone. (b) Study and analyze the need for financial resources to provide postsecondary educational opportunities for residents of the promise zone. (c) Acquire by purchase or otherwise, […]

Section 390.1675 – Budget.

390.1675 Budget. Sec. 15. (1) The board shall adopt a budget for the operation of the authority for each fiscal year, before the beginning of that fiscal year, based on a budget submitted to it by the director. The budget shall be prepared in the manner and contain the information required of municipal departments. Unless […]

Section 390.1677 – Capture of State Education Tax; Determination of Base Year; Payments.

390.1677 Capture of state education tax; determination of base year; payments. Sec. 17. (1) The authority shall determine the base year for calculating the amount of incremental growth for the capture of the state education tax as provided in this section. The base year is the amount of revenue received from the collection of the […]

Section 390.1679 – Department of Treasury; Assumption of Operational Control; Dissolution; Resolution; Use of Remaining Property and Assets.

390.1679 Department of treasury; assumption of operational control; dissolution; resolution; use of remaining property and assets. Sec. 19. (1) The department of treasury shall oversee the operations of any promise zone authority or board created under this act. If the department of treasury determines that the actions of a promise zone authority or board are […]