Current through Public Act 148 of the 2024 Legislative Session
Section 125.2688 - Designation of renaissance zones; limitation; additional zones; submission of designations to legislature; rejection of designations by concurrent resolution(1) Except as otherwise provided in this act, the board shall not designate more than 9 renaissance zones within this state. Not more than 6 of the renaissance zones shall be located in urban areas and not more than 4 of the renaissance zones shall be located in rural areas. For purposes of determining whether a renaissance zone is located in an urban area or rural area under this section, if any part of a renaissance zone is located within an urban area, the entire renaissance zone shall be considered to be located in an urban area.(2) The board may designate additional renaissance zones within this state in 1 or more qualified local governmental units if that qualified local governmental unit or units contain a military installation that was operated by the United States department of defense and has closed after 1990.(3) Each renaissance zone designated by the board under section 8a shall be submitted to the legislature, which, by concurrent resolution adopted by a majority vote of those elected to and serving in each house, on a record roll call vote, may reject that designation no later than the earlier of 45 days following the date of the designation by the board or December 31 of the year of designation.Amended by 2006, Act 304, s 3, eff. 7/20/2006.Amended by 2003, Act 266, s 1, eff. 1/5/2004.Amended by 2003, Act 93, s 2, eff. 7/24/2003.1996, Act 376, Imd. Eff. 7/17/1996 ;--Am. 1999, Act 139, Imd. Eff. 10/11/1999.