Mich. Comp. Laws § 125.1577

Current through Public Act 151 of the 2024 Legislative Session
Section 125.1577 - Period of designation; return of building to previous state; notification; publicizing closing date
(1) Except as provided in subsection (2), a designation of a building as a business incubation center shall remain in effect for 15 years unless otherwise agreed to at any time during the period of designation by the department and a community board.
(2) A local governmental unit or educational institution that has a building designated as a business incubation center and that desires to have the building returned to its previous state before the expiration of 15 years shall notify the board 5 years before the time the building will be needed. Upon receipt of notification, the board shall forward a copy of the notification to the department and shall publicize the closing date of the center to the lessees of the center and to the community.

MCL 125.1577

1984, Act 198, Imd. Eff. 7/3/1984.