MCL - Index of Act 86 of 2014
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 86 of 2014 | LOCAL COMMUNITY STABILIZATION AUTHORITY ACT (123.1341 - 123.1362) |
| Section 123.1341 | Short title. |
| Section 123.1343 | Legislative findings; declarations; purpose of act. |
| Section 123.1345 | Definitions. |
| Section 123.1347 | Local community stabilization authority; establishment; public body corporate and special authority; property of authority as public property; exemption from taxes and special assessments; presumption of validity; jurisdiction. |
| Section 123.1349 | Authority council; establishment as governing body; membership; appointment; terms; vacancy; chairperson; oath of office; compensation; reimbursement for travel and expenses; discharge of duties; meeting; election of officers; conduct of business at public meeting; special meeting; availability of records to public; system of accounts; annual audit; budget; procurement policy; members as public servants; ethics manual; conflict of interest; removal from office. |
| Section 123.1351 | Powers, duties, functions, and responsibilities of authority. |
| Section 123.1352 | Local community stabilization share; power of authority to levy; limitation; receipt and collection by department; generated money as money of authority. |
| Section 123.1353 | Report by city and township assessor to county equalization director; report by county equalization director to department; compilation of municipality's information; calculation of millage rate and debt loss or school debt loss; report of increased value from expired tax exemptions; exclusion of enhancement millage; report of millage for essential services. |
| Section 123.1354 | Municipality not local school district, intermediate school district, or tax increment finance authority; municipality that is county, township, village, city, or authority providing essential services; duties of department. |
| Section 123.1355 | Municipality that is local school district; duties of department. |
| Section 123.1356 | Municipality that is intermediate school district; duties of department. |
| Section 123.1356a | Municipality that is tax increment finance authority; calculation of municipality's tax increment small taxpayer loss; duties of municipality; report. |
| Section 123.1356b | Calculation by municipality that is tax increment finance authority; form and manner; extension of calculation and reporting date; exclusion. |
| Section 123.1357 | Appropriation of funds; purposes; distribution to municipalities; distribution of local community stabilization share revenue; priority; payments, overpayments, and underpayments; insufficient funds; use of revenue; distribution; amounts. |
| Section 123.1358 | Distributions; determination by department; submission of information by municipality; availability; municipality review and reporting. |
| Section 123.1359 | Bonds or other obligations; issuance. |
| Section 123.1360 | Repealed. 2016, Act 124, Eff. May 19, 2016. |
| Section 123.1361 | Debt payment. |
| Section 123.1362 | Construction of act. |