Statutes, codes, and regulations
Michigan Compiled Laws
Chapter 125 - PLANNING, HOUSING, AND ZONINGRECODIFIED TAX INCREMENT FINANCING ACT
Part 3 - TAX INCREMENT FINANCE AUTHORITIES
Section 125.4327 - Dissolution of authority; resolution; disposition of property and assets

Mich. Comp. Laws § 125.4327

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Current through Public Act 148 of the 2024 Legislative Session
Section 125.4327 - Dissolution of authority; resolution; disposition of property and assets

An authority which has completed the purposes for which it was organized shall be dissolved by resolution of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the municipality.

MCL 125.4327

Added by 2018, Act 57,s 3-29, eff. 1/1/2019.