Section 141.1441 – Short Title.
141.1441 Short title. Sec. 1. This act shall be known and may be cited as the “regional event center financing act”. History: 2020, Act 340, Eff. Mar. 24, 2021
Section 141.1442 – Definitions.
141.1442 Definitions. Sec. 2. As used in this act: (a) “Assessment” means the amount levied against an owner of a transient facility within an assessment district computed by application of the applicable percentage against aggregate room charges with respect to that transient facility during the applicable assessment period. (b) “Assessment district” means a municipality or […]
Section 141.1443 – Event Center Financing Program; Assessment; Ordinance; Form; Written Referendum.
141.1443 Event center financing program; assessment; ordinance; form; written referendum. Sec. 3. (1) A municipality may, by ordinance, establish an event center financing program. (2) The event center financing program shall describe the proposed size, location, cost, and financing structure of the proposed event center. (3) The event center financing program shall specify the amount […]
Section 141.1444 – Payment of Assessment; Reimbursement; Audit; Interest; Notice Required.
141.1444 Payment of assessment; reimbursement; audit; interest; notice required. Sec. 4. (1) Upon the effective date of an assessment, each owner of a transient facility in the assessment district shall be liable for payment of the assessment, computed using the percentage set forth in the event center financing program notice. The assessment shall be paid […]
Section 141.1445 – Disposition of Revenue.
141.1445 Disposition of revenue. Sec. 5. The revenues derived from the assessment imposed under this act shall be deposited in a special fund to be used by the municipality or by an authority that is organized pursuant to state law only to pay for 1 or more of the following: (a) The cost of administration […]