HB-5436, As Passed Senate, June 5, 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.