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is repealed.