ECONOMIC DEVELOPMENT CORPORATIONS ACT
- Section 125.1601 - Short title
- Section 125.1602 - Legislative finding
- Section 125.1603 - Definitions
- Section 125.1604 - Economic development corporation; incorporation; application; notice; hearing; approval; board of directors; appointment, qualifications, terms, and compensation of directors; public meetings; directors as public officers; expiration; vacancy; removal; disclosure of interest; planning commission of certain municipalities serving as board of directors
- Section 125.1605 - Approval of application to incorporate and articles of incorporation by resolution; incorporation pursuant to MCL 125.1628 to 125.1636
- Section 125.1606 - Organization of corporation at municipal and county levels; limitation
- Section 125.1606a - Subsidiary neighborhood development corporation; creation; powers; exemption from prevailing wage and fringe benefit rate requirements; disposition of surplus from sale of property; repayment of bonds or notes
- Section 125.1607 - Powers of corporation generally
- Section 125.1607a - Pledge by corporation; validity; lien; filing or recording instruments not required
- Section 125.1607b - Board of directors serving as planning commission; agenda
- Section 125.1608 - Designation of project area; certification of approval; preparation and approval of project plan; transfer of employment; contents of project plan; corporation as instrumentality of political subdivision; notice to vacate; corporation to operate project as lessor; issuance of obligations; project plans for agricultural and forestry enterprises
- Section 125.1609 - Project plan; findings and recommendations of local public agency; determinations; publication of general standards for project plans; local public agency recommendations concerning project plan not required
- Section 125.1610 - Project plan; submission of findings and recommendations; determination of public purpose; considerations
- Section 125.1611 - Amendments to project plan; compliance with local ordinances and resolutions
- Section 125.1612 - Establishment of project district area boundaries; project citizens district council; establishment; appointment and qualifications of members; council as representative of project area
- Section 125.1613 - Project citizens district council as advisory body
- Section 125.1614 - Consultation between representative of corporation and project citizens district council
- Section 125.1615 - Project citizens district council; meetings; notice; right of person to be heard; record of meeting; information and technical assistance; conditions to adoption of project plan
- Section 125.1616 - Existing citizens district council as authorized projects citizens district council
- Section 125.1617 - Public hearing before adoption of resolution approving project plan; notice; record of public hearing; availability of record to public
- Section 125.1618 - Finding and recommendations of project citizens district council; notice
- Section 125.1619 - Revision of boundaries of project district area
- Section 125.1620 - Situations not requiring project citizens district council; dissolution of council
- Section 125.1621 - Injunction, mandamus, or other appropriate remedy at law; equitable relief
- Section 125.1622 - Condemnation
- Section 125.1623 - Borrowing money and issuing revenue bonds or revenue notes; issuing refunding bonds; bonds or notes and interest exempt from taxation; exceptions; liability of municipality on notes or bonds; statement; investment in bonds and notes; deposit of bonds and notes; report; inspection of records and reports; publication and distribution of statement of revenues and expenditures
- Section 125.1624 - Disposition of net earnings and property upon dissolution of corporation
- Section 125.1625 - Exemption of corporation and instruments of conveyance from taxation
- Section 125.1626 - [Repealed]
- Section 125.1627 - Powers of public bodies
- Section 125.1628 - Incorporation of economic development corporation; name of corporation
- Section 125.1629 - Articles of incorporation; approval by resolution; contents
- Section 125.1630 - Amendment of articles of incorporation
- Section 125.1631 - Articles of incorporation; execution; delivery; filing; publication; statement of right to question incorporation; certificate; effective date and validity of incorporation
- Section 125.1632 - Corporation as body corporate; powers
- Section 125.1632a - Personal liability of board members; insurance
- Section 125.1633 - Dissolution of corporation; referendum on continued existence of corporation
- Section 125.1634 - Corporations organized and incorporated pursuant to MCL 450.62 to 450.192; validation, force, and effect of prior actions
- Section 125.1634a - Corporation deemed validly incorporated; validity of action taken by corporation under act; validity and legality of evidences of indebtedness and related instruments
- Section 125.1635 - Liberal construction
- Section 125.1636 - Authority cumulative