September 30, 2014, Introduced by Senators JANSEN, MEEKHOF, HILDENBRAND, PROOS, PAVLOV and PAPPAGEORGE and referred to the Committee on Economic Development.
A bill to amend 1986 PA 281, entitled
"The local development financing act,"
by amending section 12b (MCL 125.2162b), as added by 2008 PA 104.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 12b. A municipality that has created an authority in
which a certified technology park has been designated under this
act may enter into an agreement with another authority that does
not contain a certified technology park to designate a distinct
geographic area within the authority district as a certified
technology park. The authority shall consider the advantages of the
unique characteristics and specialties offered by the public and
private resources available in the distinct geographic area, shall
consider the benefits to regional cooperation and collaboration,
and shall consider whether designating the additional distinct
geographic area adds value to the mission of the designated
certified technology park. The distinct geographic area is subject
to the provisions of section 12a(3), (4), and (5). The state
treasurer shall not approve the capture of amounts levied by the
state under the state education tax act, 1993 PA 331, MCL 211.901
to 211.906, and by local and intermediate school districts as
permitted
in section 2(ee)(ii)(B) 2(jj)(ii)(B) for
more than 3 6
distinct geographic areas designated under this section. A copy of
the designation shall be filed with the Michigan economic
development corporation.