Bill Text: MI HB5525 | 2017-2018 | 99th Legislature | Introduced

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Bill Title: Economic development; downtown development authorities; provision related to taking, transfer, and use of private property; repeal. Repeals sec. 10 of 1975 PA 197 (MCL 125.1660).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-02-07 - Bill Electronically Reproduced 02/06/2018 [HB5525 Detail]

Download: Michigan-2017-HB5525-Introduced.html

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HOUSE BILL No. 5525

 

 

February 6, 2018, Introduced by Reps. Howrylak, Johnson, Lucido, Glenn, Gay-Dagnogo and Robinson and referred to the Committee on Local Government.

 

     A bill to amend 1975 PA 197, entitled

 

"An act to provide for the establishment of a downtown development

authority; to prescribe its powers and duties; to correct and

prevent deterioration in business districts; to encourage historic

preservation; to authorize the acquisition and disposal of

interests in real and personal property; to authorize the creation

and implementation of development plans in the districts; to

promote the economic growth of the districts; to create a board; to

prescribe its powers and duties; to authorize the levy and

collection of taxes; to authorize the issuance of bonds and other

evidences of indebtedness; to authorize the use of tax increment

financing; to reimburse downtown development authorities for

certain losses of tax increment revenues; and to prescribe the

powers and duties of certain state officials,"

 

by repealing section 10 (MCL 125.1660).

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Enacting section 1. Section 10 of 1975 PA 197, MCL 125.1660,

 

is repealed.