MCL - Act 549 of 2008
AN ACT to authorize the creation of promise zones; to authorize the creation of promise zone authorities and the implementation of promise zone development plans; to prescribe the powers and duties of promise zone authorities; to provide for the capture and disbursement of certain tax revenue; and to prescribe powers and duties of certain state and local officials.
History: 2008, Act 549, Imd. Eff. Jan. 13, 2009
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Am. 2016, Act 9, Imd. Eff. Feb. 16, 2016
| Document | Type | Description |
|---|---|---|
| Section 390.1661 | Section | Short title. |
| Section 390.1663 | Section | Definitions. |
| Section 390.1664 | Section | Promise zone; establishment by governing body; resolution; public hearing; application; review by department of treasury; determination of eligibility; certification; approval of resolution; election by local school district; establishment of separate promise zone by local school district; dissolution. |
| Section 390.1664a | Section | Ineligible entity; revenue capture from state education tax. |
| Section 390.1665 | Section | Promise zone authority; creation; authority as public body corporate; powers; board; oath; proceedings and rules subject to open meetings act; removal of board member; writings subject to the freedom of information act. |
| Section 390.1667 | Section | Promise zone development plan; provisions; funding for out-of-state postsecondary institution prohibited; submission of plan or amendments to department of treasury; failure to submit plan within certain time frame; review; approval or written notice of deficiencies; amendment. |
| Section 390.1669 | Section | Cause of action not created. |
| Section 390.1671 | Section | Director; powers and duties; acting director; treasurer; secretary; legal counsel; other personnel; deposit of money; administrative costs; limitation; submission of audited financial statements; certification of compliance. |
| Section 390.1673 | Section | Board; powers. |
| Section 390.1675 | Section | Budget. |
| Section 390.1677 | Section | Capture of state education tax; determination of base year; payments. |
| Section 390.1679 | Section | Department of treasury; assumption of operational control; dissolution; resolution; use of remaining property and assets. |