SB 0979 Summary

• Amends the Land Bank Fast Track Act to redefine "qualified city" as a city with a population of 750,000 or more, removing the previous requirement that it contain a first-class school district.

• Authorizes a county with a population exceeding 1,500,000 to enter into an intergovernmental agreement with a qualified city to jointly operate a land bank authority as a redevelopment authority, with one governing board member appointed by the governor.

• Updates the Michigan Strategic Fund definition by changing the statutory reference from MCL 125.2001 to 125.2093 to MCL 125.2001 to 125.2094.

• Clarifies that intergovernmental agreements for property transfer and tax collection may be entered into between authorities and local units of government without requiring a separate legal entity under the Urban Cooperation Act.

• Allows qualified cities to transfer tax delinquent and tax reverted property to local authorities, including property held by the city for more than 2 years and property foreclosed under city charter procedures.