MI HB6193

Extends the completion deadline for a specific multiphase project approved by Michigan Economic Growth Authority Resolution 2008-178 on December 15, 2008 with a preapproval letter issued March 14, 2011 from 10 years to September 14, 2022 before penalties apply.

Allows multiphase project completion deadlines to be extended under new subsection (10) beyond the standard 10-year limit, in addition to existing extension authority in subsection (9).

Changes the definition of "component completion" for multiphase projects to include either a temporary or final certificate of occupancy from the local municipality.

Corrects statutory cross-reference in subsection (32)(b) and (c) from MCL 125.2672 to MCL 125.2670 regarding the brownfield redevelopment financing act.

Updates subsection (33)(a)(ii) to reference part 2 of the recodified tax increment financing act (2018 PA 57) instead of the outdated 1975 PA 197 for downtown development districts.