Bill Text: MI HB5436 | 2017-2018 | 99th Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Economic development; obsolete property and rehabilitation; revocation of certain obsolete property rehabilitation certificates; modify. Amends sec. 12 of 2000 PA 146 (MCL 125.2792).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2018-08-15 - Assigned Pa 251'18 With Immediate Effect [HB5436 Detail]

Download: Michigan-2017-HB5436-Engrossed.html

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HB-5436, As Passed House, February 28, 2018

 

 

 

 

 

 

 

 

 

 

 

SUBSTITUTE FOR

 

HOUSE BILL NO. 5436

 

 

 

 

 

 

 

 

 

 

     A bill to amend 2000 PA 146, entitled

 

"Obsolete property rehabilitation act,"

 

by amending section 12 (MCL 125.2792).

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 12. (1) The legislative body of the qualified local

 

governmental unit may, by resolution, revoke the obsolete property

 

rehabilitation exemption certificate of a facility if it finds that

 

the completion of rehabilitation of the facility has not occurred

 

within the time authorized by the legislative body in the exemption

 

certificate or a duly authorized extension of that time, or that

 

the holder of the obsolete property exemption certificate has not

 

proceeded in good faith with the operation of the rehabilitated

 

facility in a manner consistent with the purposes of this act and

 

in the absence of circumstances that are beyond the control of the

 

holder of the exemption certificate.

 

     (2) Upon receipt of a request by certified mail to the

 

legislative body of the qualified local governmental unit by the

 

holder of an obsolete property rehabilitation exemption certificate

 

requesting revocation of the certificate, the legislative body of

 

the qualified local governmental unit may, by resolution, revoke

 

the certificate.

 

     (3) Upon the written request of the holder of a revoked

 

obsolete property rehabilitation exemption certificate to the

 

legislative body of the qualified local governmental unit and the

 

commission or upon the application of a subsequent owner to the

 

legislative body of the qualified local governmental unit to

 

transfer the revoked obsolete property rehabilitation exemption

 

certificate to a subsequent owner, and the submission to the

 

commission of a resolution of concurrence by the legislative body

 

of the qualified local governmental unit in which the facility is

 

located, and if the facility continues to qualify under this act,

 

the commission may reinstate a revoked obsolete property

 

rehabilitation exemption certificate for the holder or a subsequent

 

owner that has applied for the transfer.